The 50/20/30 Budget Rule
For an overall understanding of the 50/20/30 budget rule see the unique collection of articles included in this post, but first, a few brief points to consider.
Budgeting is the key factor in managing your finances. Without a budget, you’ll be spending money blindly. With a budget, you’ll know how much you can spend and what you can spend it on.
Once you get into the habit of budgeting your money, you’ll have fewer problems with your finances.
Imagine living your life without a budget you go to the grocery store and spend $225 on food, you stop by the mall and spent another $175, later your browsing online, and you found a few items you spent $75 on.
25 days later it’s the end of the month bills are coming in and you’re short, you wonder why you are always short on money, and can’t keep up your bills. It’s because of spending without a budget.
In this post, you find resources for using the 50/20/30 rule. Have a look to see what this popular budget is all about and see what it can do for you.