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Equally important is understanding thetax ratesin your state.
For example, you will be taxed$13,653if you reside in California.
That means your net pay will be $46,347 per year or $3,862 monthly.
A highly effective rule to follow is the 60/20/20 approach, which is divided into three categories.
This rule provides a clear and structured framework for your financial planning and is easy to follow.
Seeing where every dollar is spent can help maintain financial health and eliminate overspending.
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