• Home
  • Personal Finance
  • Investing
  • Business
  • Career
  • Consumer
  • Debt
  • Lifestyle
  • Retirement
  • Taxes

Personal Finance News

Latest News About Personal Finance

  • Blogger Net Worths
  • Top Personal Finance Blogs
  • Blogroll

How to Budget Using a Simple and Flexible Strategy

March 3, 2016 Leave a Comment

Budgeting allows you to identify wasteful expenditures, adapt quickly as your financial situation changes, and achieve your financial goals. Creating a budget will decrease your stress levels and help you prioritize your spending and manage your money—no matter how much or how little you have. Personal finance writer Laura Shin has a simple and flexible strategy of budgeting that uses the 50/20/30 guideline.

  1. “Tally your necessary expenses, aiming to keep them under 50% of your take-home pay.”
  2. “Aim to allocate 20% or more of your take-home pay to your financial priorities.”
  3. “From the remaining 30% or less of your budget, set yourself a weekly allowance.”

(forbes.com)

Related

Leave a Comment Cancel reply

Must Read

  • How to Refinance a Paid Off Car
  • What's the Recommended Temperature for Vacant Home in Winter?
  • How to Cash Out Pension Plan Early
  • Peter Adeney, the Man behind Mr. Money Mustache, Earns $400,000 a Year on His Blog
  • The Best Day of the Week to Buy Mutual Funds
  • John Bogle Net Worth
  • 36% Earning $100,000 or More Living Paycheck to Paycheck
  • After Earning $400,000 Per Year on His Blog, Mr Money Mustache's Spending Rises to $256,000
  • The Best Investment Advice You’ll Never Get

Recent Posts

  • 61% Now Living Paycheck to Paycheck
  • 36% Earning $100,000 or More Living Paycheck to Paycheck
  • Two-Thirds of Americans Live Paycheck to Paycheck
  • The Hit to Your Pocketbook From Higher Gasoline Prices: $2,000 a Year
  • Uber Now Lets You See How Many One-Star Ratings You Received From Drivers
  • Survey: 7 In 10 Americans Living Paycheck To Paycheck
  • Fed May Issue Digital Currency
  • Best Pen for Your Money

Connect With Us

  • Facebook
  • Twitter
Home · About · Terms · Privacy · Contact · Copyright © 2022 · Personal Finance News