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ACTION PLAN: See A Budget In Action & Create Your Own (01:15 mins)

There are many different ways to create a spending plan or a budget. The ‘right’ way is the one that helps you plan how to use your money each month, helps you avoid wasting money, helps you save for your financial goals, and most importantly, is easy to maintain. My personal favorite is the zero-based spending plan because it gives every dollar a purpose. Idle money is spent money, so make sure your money is accounted for. Here’s how you do it:
Understanding HOW to create a budget is good, but SEEING how it’s put together is better. So, find below a sample spending plan. This isn’t an end-all-be-all of spending plan, there are other budget methods. Here’s an example of another spending plan based on the 50/30/20 budget.

Wanna learn more about budgets?

What Is the 50/20/30 Budget Rule? How It Works (investopedia.com) Zero-Based Budgeting (ZBB) Definition (investopedia.com)