Budgeting Strategies Budgeting Strategies Budgeting Strategies

Zero-Based Budgeting: Assigning every moneu you earn a specific purpose to ensure your income minus expenses equals zero, helping you prioritize spending and make informed financial decisions.

50/30/20 Rule: Allocating 50% of your income to needs, 30% to wants, and 20% to savings and debt repayment, providing a balanced approach to budgeting.

Pay Yourself First: Prioritizing saving by setting aside a portion of your income for savings or investments as soon as you receive it, helping you work towards your financial goals and build financial security.

Embrace Delayed Gratification

Practicedelayedgratificationbysettinggoals andworkingtowardsthembeforemakinga purchase.Forexample,youcanestablish specifictasksormilestonesthatneedtobe accomplishedbeforeallowingyourselftobuy somethingyoudesire.Byearninganddeserving yourwants,younotonlycultivateasenseof accomplishmentbutalsoensurethatyour spendingalignswithyourprioritiesandvalues.