U.S. Markets closed

3 Reasons I Love the 80/20 Budgeting Method

3 Reasons I Love the 80/20 Budgeting Method

My favorite, though, is something called the 80/20 budget. With the 80/20 budget, you keep your spending on essentials as well as frivolous expenses to 80% of your income and you save the remaining 20%. This has been the type of budget I've found most effective for me over the long term, and it's a great way to make a spending plan if you really don't enjoy the budgeting process.