In this video, Brittany provides strategies and hacks to incorporate into your daily lifestyle to help you save money and avoid falling into traps that lead to unnecessary spending. She also maps out how she budgets her own personal expenses by addressing fixed items first.
This financial advisor describes the budgeting practice 50/30/20 rule which provides a formula to determine how much of your money to put towards certain areas. This strategy gives people a way to work towards their finacial goals.
If you are just starting a job for the first time and you are learning how to manage your money, you can use this resource for some basic budgeting tips. Good financial sense at a young age can set the stage for greater finacial independence in the future.
This resource provides step by step details of how to create a budget followed by an example of what a budget should include and how you can determine how much money you can spend towards certain items in addition to mapping out how much money you are saving. An empty budget template is also included.
This source, provided by Bank of America includes 6 simple steps to follow in order to develop long-term financial success. 1. Determine Income 2. Calculate Expenses 3. Do a Little Math 4. Talk About the Fun Stuff 5. Help to Get What You Want 6. Balance the Budget