How to budget? Best ways to plan your money

How to budget? Best ways to plan your money

A budget is a plan for every dollar you have or earn.

It is important to calculate your monthly earnings and plan your budget accordingly.

Choose your appropriate budgeting method and monitor your progress.

You can try the 50/30/20 rule as a simple budgeting framework.

It allows up to 50% of your income for needs, 30% for your wants and 20% for savings and debt repayment.

Tracking and managing your budget through consistent check-ins is necessary to maintain progress.

As your income, expenses and priorities change over time, manage your budget accordingly to ensure the most productivity.

Budgeting helps you in controlling your expenses and save required money in case of an emergency.