Do you need help with budgeting? 

Are your finances in a mess?
Have you lost track of what you are spending monthly?
Are your credit card balances getting bigger each month?
Sitting down and creating a budget is the first step to regaining control of your finances.

The 40/40/20 budgeting rule is a simple way to help you manage your money. It divides your income into three categories: needs, wants, and savings.

• Needs: These are the expenses you have to pay, such as housing, food, transportation, and healthcare.
• Wants: These expenses are not essential, but you enjoy them. This could include things like eating out, going to the movies, or shopping.
• Savings: This is money that you set aside for future goals, such as retirement, a down payment on a house, or an emergency fund.

The 40/40/20 rule suggests that you should allocate your income as follows:

• Needs: 40%
• Wants: 30%
• Savings: 20%

This is a general guideline, and you may need to adjust it based on your individual circumstances. For example, if you have a lot of debt, allocate more of your income to debt repayment. Or, if you have young children, you may need to allocate more of your income to childcare.

The 40/40/20 budgeting rule is a great way to get started with budgeting. It’s simple to understand and follow, and it can help you reach your financial goals.

Here are some tips for using the 40/40/20 budgeting rule:

• Track your spending for a month to get an idea of where your money is going.
• Set realistic goals for your needs, wants, and savings.
• Make adjustments to your budget as needed.
• Be patient and consistent with your budgeting efforts.

Budgeting can seem daunting, but it doesn’t have to be.
The 40/40/20 budgeting rule is a great place to start.
Not everyone can do this on their own.
There are lots of people who need guidance and support along with accountability to stick to a budget. 

If your finances are a mess, and you need help with budgeting. In that case, I can help you regain control of your finances with guidance and accountability.

Contact me today and we can chat about how I can help you.