How do you stay financially healthy?

What is the best method to budget?

Budgeting methodGood for…
1. Zero-based budgetTracking consistent income and expenses
2. Pay-yourself-first budgetPrioritization of savings and repayment of debt
3. Envelope System BudgetMake your consumption more disciplined
4. 50/30/20 budgetCategorizing “needs” over “wants”

What is the essence of the 50 30 20 rule? The 50/30/20 rule budget is a simple way of budgeting that does not involve detailed budget categories. Instead, you spend 50% of your salary after tax on needs, 30% on wants and 20% on savings or debt repayments.

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What are three keys to financial success?

3 keys to financial success

  • Makes money.
  • Spend money.
  • Save money.

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