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Speaker Johnson Warns of Record-Breaking U.S. Government Shutdown

Speaker of the House Mike Johnson, R-La., praises President Donald Trump's peacemaking efforts leading to a ceasefire pausing two years of war in the Gaza Strip, at the Capitol in Washington, Monday, Oct. 13, 2025.  House Speaker Mike Johnson has cautioned that the ongoing U.S. government shutdown could become the longest in the nation’s history, as the political standoff between Republicans and Democrats shows no signs of easing. Now in its 13th day, the shutdown has already shuttered federal offices, closed museums, and disrupted air travel across the country. Thousands of federal workers face layoffs, while unions have begun legal challenges against the administration’s actions. Johnson, speaking at the Capitol, said he would not negotiate with Democrats until they suspend their healthcare-related demands and agree to reopen the government. “We’re barreling toward one of the longest shutdowns in American history,” he warned. Vice President JD Vance described the cuts as “pain...
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The 30-30 Rule: A Simple Strategy to Boost Your Savings


Saving money can be challenging, especially when faced with tempting impulse purchases. The 30-30 Rule is a straightforward approach that helps you manage your finances more effectively. Let’s dive into the details.

What Is the 30-30 Rule?

The 30-30 Rule involves allocating your income into specific categories:

  1. Essential Expenses (30%): Allocate 30% of your after-tax income to cover necessities like groceries, transportation, utilities, and healthcare.
  2. Homeownership Expenses (30%): Set aside another 30% for homeownership costs, such as rent or mortgage payments.
  3. Financial Goals (30%): Use 30% of your income to build an emergency fund, contribute to long-term savings, pay off debts, or invest.
  4. Remaining 10%: The last 10% is flexible—use it for discretionary spending, entertainment, or other personal preferences.

How to Implement the Rule

  1. Calculate Your After-Tax Income: Start by determining your monthly income after taxes.
  2. Divide by 10: Allocate 30% to each of the three main categories (essential expenses, homeownership expenses, and financial goals). The remaining 10% is for discretionary spending.
  3. Automate Your Savings: Set up automatic transfers to separate accounts for each category. This ensures consistency and discipline.
  4. Review and Adjust: Regularly assess your spending and adjust as needed. If you consistently overspend in one area, consider reallocating funds.

Benefits of the 30-30 Rule

  • Simplicity: The rule is easy to understand and implement.
  • Balanced Approach: It ensures you cover essentials, invest in your future, and enjoy some flexibility.
  • Financial Discipline: By automating savings, you build good habits.

Remember, the 30-30 Rule isn’t rigid; adapt it to your unique situation. Whether you’re saving for a rainy day, a dream vacation, or retirement, this rule can help you stay on track. 

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