Budgets

💡Budget Tips

• •Start by tracking your expenses for a month to understand your spending habits before setting budgets.
• •Use the 50/30/20 rule: 50% for needs, 30% for wants, and 20% for savings and debt repayment.
• •Review and adjust your budgets monthly based on actual spending patterns and income changes.
• •Set realistic limits that you can stick to rather than overly restrictive budgets that lead to failure.