What Is The 50 30 20 Rule? The 50 / 30 / 20 Rule was first coined by Elizabeth Warren and her daughter in her book All Your Worth: The Ultimate Lifetime Money Plan. It's a simple rule to give a general guideline on how to budget your money. Here's a breakdown of how it works: 50% of your income goes toward your "Needs" (Housing, Groceries, Utilities, Transportation, Bills, Insurance, Debt … [Read more...] about The 50/30/20 Budget: A Simple Guide (and Free Template!)
Budgeting
YNAB Review (2020): The Perfect Budgeting App?
With a cult-like following, YNAB (stands for "You Need A Budget"), which started as a custom spreadsheet, has turned into a complete budgeting solution, helping users "save over $6,000 in their first year using the software!" But is all the hype true? I've been using YNAB for over a year, and wanted to give a fair and honest review, so keep reading to see if YNAB is the best budgeting app … [Read more...] about YNAB Review (2020): The Perfect Budgeting App?
Mint Review 2020: The Best Free Budgeting App?
When it comes to budgeting apps, Mint has held the top spot for a long time. It started in 2006, boasts over 15 million users, and is owned by the tech giant Intuit. But how does it stack up as a budgeting tool? Can it really help you save money and hit your goals? I have used Mint on and off over the past 10 years, and recently jumped back in to give a complete review and see how it stacks … [Read more...] about Mint Review 2020: The Best Free Budgeting App?
An 8-Step Budgeting Process That Simply Works
I love budgets. Truly. It’s not because I like staring at spreadsheets all day. It’s because I really enjoy the FREEDOM and CONTROL I get from knowing where every dollar is going before we spend them. I can easily say that, without our budget, we would NOT have: Lived on $14 an hour and STILL saved moneyEnabled my wife to be a Stay At Home MomPaid off over $40,000 in … [Read more...] about An 8-Step Budgeting Process That Simply Works
Minimalist Printable Budget Binder (2020) – Organize Your Money & Life!
We have launched our Destination Financial Freedom - Budget Binder! We put together a simple and elegant solution to help organize your money, and your life! We call it the "Destination Financial Freedom" budgeting binder, because it's more than a beautiful way to track your money (though it is beautiful!). It's an all-in-one tool to help you get your money right, get out of debt, set goals … [Read more...] about Minimalist Printable Budget Binder (2020) – Organize Your Money & Life!
The Paycheck Budgeting Method
Your financial life is planned around your paychecks, shouldn't your budget be too? The Paycheck Budgeting Method is the EASIEST way to take control of your money when nothing else seems to work. The concept is simple. Write down your next paycheck amountWrite down ALL the bills that are due until the next paycheck arrivesWrite down daily spending until next paycheck arrivesFor Paycheck … [Read more...] about The Paycheck Budgeting Method