A budget helps you plan out exactly how you'll use your money and can be tailored to suit your specific needs. Like many, you might shudder at the word budget. But the 50-30-20 budget proves it doesn't have to be difficult!

If you're looking to simplify your budgeting process or are new to budgeting, then this might be the perfect match. It involves 3 easy steps that will help you prioritize your monthly financial commitments.

What budget methods have you tried, and what method has worked for you? Let us know in the comments.

In this video, let's discuss the 50 30 20 budget, what it is, and how it works.

#503020budget

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