budgeting techniques

Budgeting techniques are methods used to manage your finances effectively. Some common techniques include zero-based budgeting, where every dollar is assigned a purpose; the 50/30/20 rule, which divides income into needs, wants, and savings; and envelope budgeting, using cash envelopes for spending categories to control expenses. These methods help you plan your income, track spending, and ensure you're saving while covering your essentials. Choosing the right technique depends on your financial goals, spending habits, and preferences, aiming to create a clear, organized way to manage your money responsibly.