What Is the 50/30/20 Budget?

When it comes to budgeting, there’s no one size fits all solution. We all have different incomes, desires, attitudes, and approaches to how we handle our finances. How to Use the 50/30/20 Budget Method The 50/30/20 budget or rule is recommendation to spend no more than 50% of your after-tax income (referred to just income […]

How to Create a Business Budget (and FREE Excel Template)

When you think about creating a business budget, you may start thinking, “Oh my God, this is going to get complicated.” But it really doesn’t have to be that complicated at all! As a small business owner, the biggest things you want to track are your income and your expenses. Then determine each month whether […]

How to Create a Simple Personal Budget

If you’ve read any personal finance advice, you know there’s one simple rule that comes up time and again: You need a budget. Budgets assign your money a job and establish spending limits for specific expenditures so you can use your money responsibly. Making a budget isn’t as terrible (or boring) as it sounds. It […]