Big Changes to Public Service Loan Forgiveness Program
Budgeting doesn’t have to be the bane of your existence, try to shift your thinking to it being a way to live stress-free about money. This video discusses ways to budget in 3 phases.
1.) Cash Flow: Your cash flow is the flow of money to and from your bank account. How much are you bringing in? Where is this money coming from? And where is it going? Once you address these questions, you’ve made it easier to approach budgeting with basic guidelines.
2.) Basic guidelines: Try the 50/30/20 method. Put 50% of your income towards needs, 20% towards wants and the remaining 30% towards savings or debt repayment.
3.) Zero based budgeting - Here, every dollar spent has a goal. Being organized in this way allows you to be intentional with your spending. Snowball Wealth offers a free template just for you.