Published: February 25, 2026
Know where your money goes by tracking all expenses. This helps identify waste and opportunities to save.
Define short-term and long-term financial goals, including savings, debt repayment, and investments.
Allocate 50% of income to needs, 30% to wants, and 20% to savings and debt repayment.
Set automatic transfers to savings accounts or investment accounts to ensure consistent progress.
Regularly review your budget and adjust based on income changes, goals, or unexpected expenses.
With consistent budgeting, anyone—regardless of income level—can improve their financial health and reach their goals.