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Budgets

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Budgeting is fundamental part of tracking spending and savings. Planning the amount of money you want to spend each month into seperate categories will give you insite of where the money goes. There are many different kinds of budget ideas to try and adjust from the 50-30-20 rule to zero-based budget.

Finding a budget that works for you, adjust budgets according to your needs. Maybe 50% going to needs does not fit ideas and you can adjust the budget to 55% and reducing the wants to 25%.

  • Living Below Your Means
    by Collin Masters
    Living below your means is to spend less money than you make. How could it help? Learning to live below your means before retirement is a smart choice to be able to save more. Give yourself more flexibility later in… Read more: Living Below Your Means
  • What is “Loud Budgeting”?
    by Collin Masters
    This is one of Tiktok’s latest trends. The goal is to be vocal about good money deicisons. This can be a good tool for some people becoming accountable to how they make budget deicisons. Its okay to say no, about… Read more: What is “Loud Budgeting”?
  • Zero-Based Budget
    by Collin Masters
    The zero-based budget is income minus expenses will equal zero for which ever duration works for you. Weekly or monthly are good options for duration to consistently track a personal budget and be prepared for bills as they occur. Start… Read more: Zero-Based Budget
  • 30% Rule
    by Collin Masters
    The 30% rule is keeping housing below 30% of your after-tax income. Understanding what you can afford and giving yourself a budget when looking for somewhere to live is a good place to start. Follow that up with finding places… Read more: 30% Rule
  • 50%-30%-20% Rule
    by Collin Masters
    The 50%-30%-20% rule is a tool to help one budget their overall financial life by using the after-tax income. 50% should go to needs this include rent or mortgage, groceries, and utilities. 30% should go to your wants, going out… Read more: 50%-30%-20% Rule