The 80/20 budget is very similar to the 50/20/30 budget in that you simply take your income and chunk it up into broad categories. However, the 80/20 budget is even less specific than the 50/20/30 budget making it quicker and easier to use than the 50/20/30 budget. Here is how an 80/20 budget would work: Continue reading “Budget Types: The 80/20 Budget”
Did you know that there are multiple types of budgets? Read this post to learn what 50/20/30 budgeting is, how to use 50/20/30 budeting, and whether or not 50/20/30 budgeting would be a good fit for you.
The whole point of a budget is not to restrict what you spend, but to allow yourself to spend money without guilt, regret, or stress.