How to Divide Your Income with the 50/30/20 Budget Rule

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There’s a lot to consider when you’re wondering how to divide your income. The simplest and most direct way to divide your income is using a budget spreadsheet and a simple budget rule like the 50/30/20 budget template. I’ve found that budgeting is easier to do when there are rules and guidelines. Otherwise budgeting feels […]

What are the 3 Categories of the 50/30/20 Budget?

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There are 3 categories of the 50/20/20 budget. After calculating your after tax income, split your income into three spending categories – 50% for needs, 30% for wants, and 20% for savings and debt repayment. The 50/30/20 budget rule is perfect for anyone looking to start a budget. And the good news is, you don’t […]

50/30/20 Budget Template: A Simple Budget Rule to Start a Budget

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Are you ready for a simple budget that you can start today? It’s actually one of the most common and easiest budgeting methods out there. Starting a budget can feel OVERWHELMING! I want to save you time researching to find the PERFECT budget template by telling you about the easiest budgeting method for beginners. Also, […]

How Does the 70 20 10 Budget Rule Work?

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You’re ready to start a budget but you’re looking for the right budget FOR YOU. It’s really easy to get caught up in finding the “perfect” budget. But honestly, the perfect budget is one that’s rigid enough to have a structure, but flexible enough to fit your ever changing financial situation. A couple pretty popular […]

Recovering From Financial Mistakes: 5 Money Lessons From Schitt’s Creek

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“My car is worth less than your pants”. – Stevie Budd Schitt’s Creek is full of unbelievable one-liners.  “Ew, David!” pretty much tops the list. But it’s also full of great money lessons and a beautiful story about the Rose family recovering from financial mistakes.  In the award-winning show Schitt’s Creek, the insanely-rich Rose family sees […]

How to Review a Budget: Annual Budget Review

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Did you reach any of your money goals in 2021? The new year is a great time to reflect on your goals and set new goals for 2022.  But reflecting on your 2021 money goals is hard without an annual budget template.  Our annual budget template helps me track all of our spending for the […]