Budgeting 101: Master Your Money in 30 Days
Nov 17, 2024

Introduction
Budgeting is the foundation of financial health. Whether you’re trying to save for a big purchase or just get your spending under control, a budget can transform your money habits. Let’s dive into a 30-day plan to master budgeting.
Tips
Day 1-7: Track Your Expenses
Spend the first week monitoring every dollar you spend. Use apps or a notebook to record your purchases. This will reveal your spending patterns.
Day 8-14: Set Clear Financial Goals
Decide what you’re budgeting for: paying off debt, saving for a trip, or building an emergency fund. Goals make budgeting meaningful.
Day 15-21: Create Your Budget
Allocate your income to essential categories: needs (50%), wants (30%), and savings (20%). Adjust percentages based on your goals.
Day 22-30: Monitor and Adjust
Test your budget for the remaining days and tweak it as needed.
Conclusion
By the end of 30 days, you’ll have a personalised budget that aligns with your financial goals. Stick with it, and you’ll see results.