You are here because you know if you want to get ahead financially, you need to budget. But you keep putting a budgeting plan off because it just isn’t exciting.
I get it. Budgeting is not fun and it is not exciting. But if you find the right budget for you, it is something that you will stick to and you will even enjoy it.
Granted it still won’t be fun, but you won’t dread doing it.
And by following a budget, you will take control of your finances and start to change things. You will go from being in debt to being out of debt.
You will go from saving nothing every month, to saving money every month. And all of this change will open up new doors for you, including allowing you to reach many of your financial dreams.
So what is the right budget for you? After looking at the many budget variations out there, I feel confident in saying that the 50/30/20 budget is the best budget for most people.
Why is this? It is simple to set up and to follow. It takes a lot of the guess work out of creating a budget and is something you can set up and start following in the least amount of time.
So to help you get started with the 50/30/20 budget, I wrote this detailed guide. Here you will learn what the 50/30/20 budget plan is all about and how to set it up to make it work best for you.
I’ll even point out a few of the most common stumbling blocks too. By knowing these upfront, you can be proactive with them and hopefully avoid them completely.
I’ll also introduce you to a few other budgets too. The reason for this is simple. While I am confident most of you will succeed best with the 50/30/20 budgeting rule, not everyone will.
So I am going to show you a few other options that might be a better fit.
With that said, let’s dive into the 50/30/20 budget!