budgeting strategies

Budgeting strategies involve planning how to manage your money to meet your financial goals. This includes tracking income and expenses, setting spending limits, and prioritizing savings for future needs or emergencies. Common methods include the zero-based budget, where every dollar is assigned a purpose, and the 50/30/20 rule, which allocates money to needs, wants, and savings. Regular review and adjustment help ensure your spending aligns with your goals. Effective budgeting provides clarity on financial situation, reduces stress, and supports responsible financial decision-making.