Is There the Most Effective Personal Financial Budget Method?

[Suba]

When we discuss financial issues, it will never be separated from the budget, especially the budget as a spending controller, but unfortunately we find many personal financial budget methods out there, such as comparison methods such as 50/30/20: or 80/20 etc. Zero-based budget. Jar method, Kakeibo, envelope method etc. So in your opinion, which is the most effective budget method?

 

[Augusta]

The effective one for me is the 50/20/30 budget, 50% of your net income should go to your needs, 20% should go to savings, and 30% should go to your wants.

 

[Nomad]

There is no one solution for all, you will have to find out what works best for you. For me the rule of 50/30/20 works

 

[Fire&Rain]

i think it all depends on what works for you. You can figure that out by trying all the methods and choosing your best option.

 

[Augusta]

i think it all depends on what works for you. You can figure that out by trying all the methods and choosing your best option.

One of the most popular ways to proportionally budget is to split your after-tax income up into three categories: 50% for needs, 30% for wants and 20% for savings