Budgeting & Guidelines

The Goal

To increase revenue and decrease expenses. 

  1. Use tools that you understand and have realistic goals
    • Excel spreadsheets
    • Virtual banking
    • Checkbook
    • Mobile Apps
    • Mint: Managing your money
    • You Need a Budget: Helps you get out of debt
    • Wally: Tracking expenses
  2. Track bills, expenses, and promptly address any past-due notices
  3. 50/20/30 rule
    • Spend no more than 50% of your income on NEEDS
    • Spend at least 20% on FINANCIAL PRIORITIES
    • Spend no more than 30% of your income on WANTS