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Building A Budget

50/30/20

Do you think 50/30/20 is just another boy band? Think again! This catchy number is actually a financial lifesaver. It's a budgeting strategy that can help you ditch the financial stress and start saving for that dream vacation or down payment. We know, we know, budgeting isn't exactly thrilling, but trust us, our video will change your mind. It's funny and informative and could be the key to unlocking your financial freedom. Check out the video below to see how to get started!

 

Getting started with 50/30/20. 50/30/20 is a proportional budgeting system, meaning you divide your monthly income into different categories based on percentage. 50%25 needs, 30%25 wants and 20%25 savings.

Calculate your inome

Define your categories

Track your spending

Make it work

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Budgeting 50/30/20

Budgeting 50/30/20

Building the budget

Budgeting Worksheet

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