An emergency fund is money set aside for large, unplanned expenses and, well, emergencies. Learn about how much such you should have, where to keep it, and more.
Tag: Budgeting Basics
Why Is It Important to Have a Budget?
It’s important to have a budget to succeed in your personal finances. A budget helps you see where your money’s gone and accelerates future financial goals.
Zero-Based Budgeting: What It Is and Why We Love It
Zero-based budgeting gives each dollar you own a job, so it works as hard for you as you worked for it. This method can help you with financial independence.
Adjusting the 50/30/20 Budget for Your Situation
We cover four main factors that play into adjusting the 50/30/20 budget for your personal financial situation, as well as give an example budget for each.
The 50/30/20 Budget
The 50/30/20 budget is a general guideline to help allocate your monthly take-home pay into 50% needs, 30% wants, and 20% savings.
Building an Account Buffer: Budgeting To Stay in the Black
If you have a net monthly surplus but feel the squeeze when all your bills are due before the paycheck hits, the solution is to build an account buffer.
Budgeting 101
Ready to start budgeting but not sure how? We’ve got you covered. We walk you through each of our five steps of budgeting 101 with examples.