3 Types of Budgets!
Did you know there are different types of budgets?
📌 There are actually quite a few different kinds of budgets.
📌 If your budget is not working, I want you to know you have options.
📌Try a different kind of budget.
3 Types of Budgets:
1️⃣ Traditional Budget
◦ Keep a record of your income and expenses in order to track your spending and cut back. Helps to keep track of where money is going.
2️⃣ 50 / 30 / 20 Budget
◦ Break down your spending, using a rationed plan:
▪ 50% of your income on needs
▪ 30% of your income on wants
▪ 20% of your income on savings
3️⃣ Savings First Budget
◦ Decide how much you want to save and put it away. The remaining money is yours to spend (on your needs and wants).
🤗 If you’re ready to stop simply making money and learn how to also manage your money, I am here to help you with that.
-Coach D
Your Budget Coach
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