Build Your Budget in 5 Minutes (No Apps Needed)
Step 1
Grab your phone calculator and follow along. This takes less than 5 minutes.
Budget Breakdown (50/30/20 Rule)
Use the 50/30/20 rule to set rough targets for needs, wants, and savings.
| Category | Percent | Formula | Your Target |
|---|---|---|---|
| Needs | 50% | Income × 0.50 | $______ |
| Wants | 30% | Income × 0.30 | $______ |
| Savings | 20% | Income × 0.20 | $______ |
Step 3
Your Budget Targets
Needs Budget: $______
Wants Budget: $______
Savings Budget: $______
Multiply your income by each percentage and write down your targets.
Once you see your numbers clearly, budgeting becomes much easier.
Step 4
Continue Learning
Pick one guide below to keep going.
More budgeting guides coming soon.