What is the 50/30/20 Rule? The 50/30/20 rule is simple enough. It divides your post-tax income into three key spending areas: 50% for necessities, 30% for personal wants, and 20% for building savings and reducing debt. Historical Context of the 50/30/20 Rule The 50/30/20 budgeting rule has been around for a while, but its origins…
Stretch your budget and make the most of limited funds. These low-income budgeting tips and strategies show you how to cut costs, save money, and manage expenses when money is tight. Learn to budget effectively and take control of your finances.
What is Zero-Based Budgeting? Zero-based budgeting is one of those fancy financial terms that sounds way more complicated than it actually is. At its core– it means your income and your expenses balance out to zero, no matter what. The zero-based budgeting method will force you to take a hard look at where your money…
