Personal Finance
Better Finances for a Better You
Topic: "60/30/10 Budget"
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Word of the week
Loud Budgeting
The Loud budgeting movement pushes individuals to be open and honest about their financial situation and to refuse offers of goods or activities that they cannot afford or do not want to spend their money on. It's a tactic meant to make your financial goals visible and audible to friends and family. The notion is that you should keep to your budget to support your financial goals rather than going beyond to live up to others' expectations.
Loud Budgeting – What it Is and how it can work for you →Serious Stuff
What is the 60/30/10 budgeting rule?
- 60% for essential expenses or needs
- 30% for discretionary spending or wants
- 10% for goals like paying off debts, saving or investing
It's trending as an alternative to the longer-standing 50/30/20 method
Saving
See your spending from a different perspective...
Saving starts with spending less on non-essential expenses. Learn how we can help →← Curating the web to find the most interesting and helpful information about your money.