50/30/20 Budget (Simple)
The 50/30/20 budget is a budgeting method that allocates your income into three categories: needs, wants, and savings. The breakdown is as follows: The best part about this form of budgeting (50/30/20 budget) is that it is very simple. Since needs and wants are very easy to identify, it makes […]
Zero-Based Budget (Simple)
A zero-based budget is a budgeting method where all income minus all expenses equals zero. This means that every dollar of income is allocated to a specific expense or savings goal. To implement a zero-based budget, you can follow these steps: The zero-based budget method is a powerful tool for […]
How to Build a Budget (Simple)
To build a budget, someone would need a clear understanding of their income and expenses. This includes information on all sources of income, such as salary or wages, any investments or assets they have, and any government benefits they may be receiving. It is important to have an accurate and […]