To get you started, we’ve put together a list of 10 budgeting methods to help you take control of your money, along with who might find success with each.
This method simplifies budgeting by providing a rule for how much of your income you should allocate to just three categories: needs, wants, and savings/debt.
This method is just like 50-30-20 but even more straightforward. With 80-20 budgeting, you allocate 20% of your income toward savings and the other 80% to everything else.
This method can be especially helpful for staying within spending categories such as groceries, eating out, or entertainment. It presents a physical and concrete representation of your money.