In this article, we’ll cover: What Is the 50/30/20 Budget Rule? How the 50/30/20 Rule Works Example Budget Using 50/30/20 Why the 50/30/20 Rule Works Common Mistakes to Avoid Helpful Tools & Budgeting Apps Who Should Use the 50/30/20 Method? Can You Customize the 50/30/20 Rule? Frequently Asked Questions Final Thoughts What is the 50-30-20…
Making the most of your money isn’t always easy, but having a simple system to track your spending can make a big difference Budgeting is one of the most powerful tools you can use to take control of your finances, and one simple, tried-and-true method is the cash envelope system. This method not only helps…
If you are experiencing debt problems, especially your credit card bills and loan accounts. There are things a good budget plan can do to help you pay off these debts and get back on track. If you find that you are living paycheck to paycheck then, now’s the time to take the necessary steps to…
Ask anyone if they want to make their budget plan work and most likely you will get a “Yes”. However, despite the good intentions, many people in reality do not follow a budget plan. They may have tried to create one but ended up not following it later on. Budgeting is one of the most…
Have you tried negotiating for a better price or rate? If you haven’t then, it’s about time you start! Always remember that settling for the first offer you will receive can cost you! I used to be so embarrassed when we would be at a store and my mom would start trying to get the…
Making A Monthly Budget Work For You Creating a monthly budget is an important part of financial planning, helping individuals and households track their income and expenses. Having a budget plan can be an effective tool for: saving money paying off debts, and meeting long-term financial goals. This article will provide essential steps for creating…
Everyone is looking for a way to save money One way to quickly save money is by cutting your monthly expenses by assessing your household’s budget for essential and nonessential bills, purchases, and other financial commitments. There are many different techniques that can help people save money such as spending less, budgeting, and finding discounts. …
Want to improve your budgeting strategy? Consider these ten tips on how you can make the plan work: Have a short-term and long-term strategy. Instead of just focusing on a monthly budget, consider your annual budget plan as a whole. Where do you want to be at the end of the year financially? Do you…
Build Your Savings Account While Building Your Credit Most of our readers are here to rebuild their credit. Did you know there are secured credit card companies that will let you add to your security deposit every few months? It’s a great way to not only improve your credit score but to save some…
How many people made themselves a promise at the close of 2019 that 2020 was going to be different? This was the year you would get your credit straight and dig yourself out of debt? Our reason “WHY” we decided to create a budget We made that promise to ourselves back in 2019. Our problem…