• Budgeting

    50/20/30 Rule for Budgeting Your Money

    Budgeting can be very scary and overwhelming for a lot of people believe me you are not alone. Thanks to Senator Elizabeth Warren and her daughter Amelia Warren Tyagi for their book All Your Worth: The Ultimate Lifetime Money Plan. This book made the 50/20/30 rule for budgeting your money a very popular method. Explaining the 50/20/30 rule and much more in the book. Their book has sold millions of copies since it was release in 2012. 50/20/30 Rule What is it The 50/20/30 rule is a way to budget your money by separating it into 3 sections after taxes are taking out. 50% of your check after taxes should go…

  • Budgeting

    Envelope Budgeting System – Short Over All View

    Heard of the Envelope budgeting system? This system has been around for a while now. If you’re looking for a new way to help budget your money you came to the right place. Give the envelope budgeting system a try it may work for you.  A Short Breakdown on Envelope Budgeting First figure out how much money you have after you pay bills, savings and other investments. Make a list of your expenses (Groceries, entertainment, clothes, eating out).  Use cash for those purchases. Get some envelopes and label them. You can also buy them already labeled. Decide how much you want to spend in each of those categories and place…