Tag: budgeting
50%-30%-20% Rule
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 to dinner or events, new clothes, Television, ect.. The last 20% should be saved putting…
How to Create a Budget
Creating a budget can be a big task but breaking it down into categories will allow you to take steps to achieve your goals. Write down everything you pay for, categorize those into something that makes sense to you. Categories for your budget could be income, bills, entertainment, and saving goals. Organize the information to…
Personal Finance
Managing your personal finances effectively is an essential skill that everyone should learn. Whether you are just starting out in your career or planning for retirement, understanding the basics of personal finance can help you make informed decisions and achieve your financial goals. Creating a Budget One of the first steps in managing your finances…
