Personal Finance Expert Quoted

Wenyao Hu, Ph.D., assistant professor of finance and accounting, was quoted in a MarketWatch article about budgeting. Hu notes that a relatively simple system of using multiple checking accounts to divide up your salary into different groups can be useful.

“A practical tip is to set up a separate account and arrange biweekly transfers aligned with your salary schedule, possibly through direct deposit,” he said. “This system ensures a portion of your income is automatically saved.”