Choosing an Effective Budgeting Method for Managing Finances

[Suba]

Everyone has different financial abilities and needs, so budget methods that are effective for other people may not necessarily be suitable for us. Budgeting is not a fixed rule that cannot be changed, for this reason the budget must be adjusted to our needs. There are several budgeting methods that you can apply to manage your finances, such as:
1. 50:30:20 method
2. 80:20 Method
3. 70:20:10 method
4. Jar Method
5. Envelope Method
6. Snowball Method

Which budgeting method do you use to manage your finances?

 

[eLdavis]

There are different management methods when it comes to managing our finances. It will be best to try them and decide on which is best for you.

 

[Starmix]

I'm using the 50 30 20 rule. I need to budget more if possible cut unnecessary expenses and save current and gas. Life is getting harder because of inflation and business prices exploitation.