I had a post by Funding Cloud Nine on budget categories come through my “Google Discover” feed. It was an enormous, monolithic list of 100+ budgeting categories. No one is really tracking that many categories, and for an effective budget, you don’t… Read More »10 Budget categories every budget should have
If I’ve learned anything during the Covid-19 pandemic, it’s that building an emergency fund is the most important financial goal one can have. According to Clever’s 2020 Covid financial impact survey, 21% of Americans didn’t have any emergency savings at the… Read More »Pay yourself first: How to save more money
The 70/20/10 budget rule is a financial planning tool that helps you live within your means, save and pay down debt. It is a common proportional budget method. Elizabeth Warren popularized proportional budgets with the 50/30/20 rule. The idea is that… Read More »The 70/20/10 budget rule and how to use it
For the majority of us, we can’t just buy whatever we want. Be that a new TV, a vacation or something more expensive like a Car. For these purchases, we tend to create a plan to follow so that we… Read More »What is a personal budget why do I need one?