What is budgeting? 

Budgeting is creating a plan to spend your money, so that you carefully spend your money and are able to reach your financial goals. 

Who should budget? 

Everyone! Budgeting is beneficial for everyone as it helps you be mindful of your spendings and is good for your financial health. 

What are some budgeting methods/tips you should follow? 

The 50-30-20 Rule! 

The 50-30-20 Rule is a method in budgeting where 50% of your income goes to needs, 30% to wants, and 20% for savings and paying off debt!

This method will help make sure you pay all your bills, and budget for all necessary expenses while also allowing you to spend money on your wants. 

What is the purpose of a budget? 

Budgeting allows you to keep track of the money going in and out, how your spending it, and help you decrease unnecessary expenses and build good financial habits and ensure your spending your money on everything you need to spend it on.