What question should lead your monthly budget?

Focus on what you need! Budgeting will take you a step closer to funding for more important financial goals while keeping bills paid. Think wisely and carefully about what you spend your money on. → Do you really need it? Follow the 50-30-20 rule as you organize your budget. 50% Needs, 30% Wants, and 20% Savings!

Watch this video to see an example and a short explanation of the 50-30-20 rule. https://www.youtube.com/watch?v=T5b7Bkt335o&ab_channel=GPOFederalCreditUnion

Photo by wayhomestudio on freepik Reference: Ultimate Financial Guide Personal Finance Demystified by Nikhil Kale. Ultimate FinPlan; 1st edition. 2021