Make budgeting the foundation of your finances
Having a healthy balance of income versus expenses requires whoever pulls the purse strings to be honest and realistic about what exactly their needs and wants are. A solid approach to budgeting is the so-called ‘50, 30, 20 rule’: Needs or necessities should take up 50% of your income; Wants or discretionary spending must be limited to 30%; and Savings makes up the remaining 20%. In fact, you should start […]