An example of a heuristic would be not to spend more than 30% of your net income on debt other than a home mortgage.

Name: An example of a heuristic would be not to spend more than 30% of your net income on debt other than a home mortgage.
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This is an example of a heuristic, a mental shortcut or rule of thumb, for managing debt and budgeting. It helps individuals avoid overspending and taking on too much debt, which can lead to financial struggles.

An Example of a Heuristic Would Be Not to Spend