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The 50/30/20 Rule
Manage episode 335582356 series 3354729
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So, what in the world is budgeting? Why is budgeting important? Why do we need a budget? Budgeting is not an easy thing to do. If you have a budget, sometimes it can be stressful because you might find it hard to stick to it. Hence a lot of people put off the idea of having a budget or simply can't be bothered to do it because they think it is a waste of time since they canโt stick to it.
In this episode, I am sharing with you the general rule of thumbs for budgeting. Obviously, each individual and business is different. It depends on where your businesses are and your financial goal that you want to achieve.
What is 50/30/20 means and how it can help you and your business in the long run.
My aim is to educate all of you about what a budget is, why you need it and how you can stick to it.
Connect with Lily
Send me a DM on INSTAGRAM ๐ธ here
Find out more about WORKING WITH ME๐ here
Or Chat with me here
This podcast has been produced and edited by Snappystreet Creative
Connect with Lily
Send me a DM on INSTAGRAM ๐ธ here
Find out more about WORKING WITH ME๐ here
Or Chat with me here
Get a copy of Magnetic Abundance here. All proceeds go to charity called Kiva.org
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