Great article! I just read a similar one in the New York Times that referenced the 50/30/20 rule. I never heard of it before and now I read it twice in one hour!
Ever wonder where all your money goes? You’re not alone: 83% of Americans say they overspend, and many of them use credit cards to cover those expenses. Tracking and managing your personal finances is critical if you want to achieve financial stability and reach your long-term goals, like owning a home. One of the most effective things you can do to avoid overspending and start building savings is to create (and stick to) a thoughtful, purposeful budget.
A budget can help you track income, control discretionary spending and strategically allocate your financial resources. We’ve pinpointed 6 different personal financial budgeting methods that cater to different preferences and lifestyles. Read on to see which one might work for you and your goals!
