Saving & Budgeting

Budget

A plan for how income will be spent, saved, or allocated over a set period.

A budget doesn't need to be complex; at its simplest it's a comparison of expected income against planned expenses and savings, checked periodically against actual spending. Common approaches include the 50/30/20 rule, zero-based budgeting, and envelope-style category budgeting, each suited to different personality types and levels of detail preference.

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