Do you find yourself wondering where your money disappears every month? Are you eager to take control of your finances but unsure where to start? If so, you’re not alone. Many people struggle with managing their money, and that’s where the 50/30/20 budget rule comes in. This simple, effective framework can revolutionize how you think about your finances. Whether you're a budgeting beginner or looking for a straightforward system to organize your spending, this guide will walk you through the process step by step. What Is the 50/30/20 Budget Rule? The 50/30/20 rule is a popular and straightforward method for budgeting your income. Originally introduced by Elizabeth Warren and Amelia Warren Tyagi in their book "All Your Worth: The Ultimate Lifetime Money Plan," the rule provides a clear breakdown of how to allocate your income into three main categories: 50% for Needs – Essentials you can’t live without, such as housing, groceries, and utilities. 30% for Wants – Th...

  "I’ll never forget the day I realized I had no idea where my money was going. I was standing in line at the grocery store, credit card in hand, praying it wouldn’t be declined. Payday was still a week away, and my bank account balance was a terrifying $12.56. I had a good job, steady income, and yet I felt completely out of control. That’s when I decided something had to change." Sound familiar? If you’ve ever felt like your money disappears as soon as it hits your account, you’re not alone. Budgeting can feel like a chore—or worse, a restriction—but when done right, it’s the exact opposite. A budget isn’t about limiting your freedom; it’s about giving you the freedom to spend on what truly matters to you. In this post, I’ll walk you through step-by-step how I created a monthly budget that not only works but also allowed me to save for my goals and finally feel in control of my finances. Let’s dive in! Step 1: Face Your Finances (Yes, Even If It’s Scary) I’ll be hone...