Category: Budget

The 50/30/20 rule is a widely adopted approach to budgeting based on percentage allocations. This rule suggests dividing your income into three distinct categories: 50% for essential needs, 30% for discretionary wants, and 20% for savings. Welcome back to our 10-part series on mastering your finances! In the previous installment, we explored the art of… Read more

As per a report from Bankrate.com, a staggering 57% of Americans do not have enough financial resources to cover a $1,000 emergency expense. Starting a family brings joy and fulfillment, but it also comes with financial responsibilities. From everyday expenses to long term goals like college education and retirement, parents need to make smart financial… Read more

“You get a car, you get a car, you get a car. Everyone gets a car.” Ah, if only we were in the audience that day on the Oprah show. But reality is, cars and houses aren’t free. Even worse, your credit can make attaining these things more difficult and cost you more in the… Read more

Hello there, Welcome back to Budget 101! In this edition, we’ll be discussing strategies for managing variable and irregular income. Whether you’re a freelancer, self-employed, or have a job with fluctuating income streams, these budgeting techniques will help you build stability and flexibility into your financial plan. 1. Track your income Start by tracking your… Read more