A Budget..... For some people it can induce feelings of fear, worry and stress. For others a budget can give a sense of accomplishment, and stress relief. Most people go through many ups and downs throughout their life when it comes to money. What you want to be sure of is that you will have a cushion for when times get tough.
An easy way to set your budget is to follow the 50/30/20 rule. You take your monthly income after taxes and divide it up. If you make $4000 a month it would divide up as follows.
%50 = $2000 = Needs i.e. rent, bills, gas, food, etc.
%30 = $1200 = Wants i.e. going out, new clothes, etc.
%20 = $800 = Savings Account!!!
After just one year of following this formula you will have $9,600 in your savings account!!!!
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