Budget Preparation

a look at the budget cartoon Most everyone understands what a budget is and how to put one together. How do you know if the amount of money you are spending on fixed costs, such as housing and transportation, are in the right proportion to your income? Do you know how much of your income you should be saving? Let’s look at the article from Kiplinger below, for a good guideline using the 50/20/30 rules. See how your budget compares to their examples.

 

 

How to Budget Your Money With the 50/20/30 Guideline

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