Fans win in baseball's new labor deal. Free agency brought millions to players. Even adjusted for inflation, Flood's $90,000 salary in 1969 would be less than $479,183 in today's dollars. That's about a fifth of the league average for players today and a small fraction of what players of his caliber get paid currently.
The 1 Percent Rule. One popular rule of thumb says that one percent of the purchase price of your home should be set aside each year for ongoing maintenance. For example, if your home cost $300,000, you should budget $3,000 per year for maintenance. That doesnât mean youâll literally spend $3,000 every year.
How much should you save every month? Many sources recommend saving 20 percent of your income every month. According to the popular 50/30/20 rule, you should reserve 50 percent of your budget for essentials like rent and food, 30 percent for discretionary spending, and at least 20 percent for savings. We agree with the recommendation to save 20 percent of your monthly income.