Budgeting does not have to be difficult

By creating a budget, you can estimate the amount of money you will spent each month. Having budget also help you have better control of your money.

What are your goals?

Think of specific goals. If you want to save money, how much money? Goals will help motivate you to save money.

Determine an amount you want to save each time you get paid. Save money first, then use what is left.

Do I need this?

Before you spend money on something, ask yourself. Don't immediately spend money just because you like it or want to.

Record Expenses and Income

Whether it is a spreadsheet or an app, financial records are required to keep track of finances. You can know where the money is spent. You will get a solution to make your finances healthier than before.

The 50-30-20 Rule

50% of your income goes to things you must have/need to spend (food, rent, bills, taxes).

30% goes to things you want to buy like a new phone, eating out or going to the movies.

20% goes into savings whether it be bank savings, mutual funds, stock market, etc.