Make the most of what you’ve got
Budgeting is one of the most essential pieces to start building a strong money foundation. Having your money go in the appropriate buckets can help you establish a solid financial foundation.
There are four common places our money goes: essentials, non-essentials, short-term and long-term savings.
The 50/15/5 rule helps you get started with creating a budget by helping to funnel where our money goes into different buckets.