Hey folks,
I’m looking to get my finances in order and want to try out the 70-20-10 budgeting method. Does anyone know of a good calculator or tool that helps with this approach? Would love to hear about any recommendations or personal tips!
Hey comrades,
the 70-20-10 rule is a guideline that may need adjusting based on your financial situation and goals. Regularly review your spending to ensure you’re staying within your budget.
Hey everyone! I’ve been on a journey to get better with budgeting and recently looked into the 70-20-10 method myself. It’s a straightforward approach where 70% goes to living expenses, 20% to savings or debt, and 10% to wants. There are some great tools out there like the app EveryDollar that lets you customize budgets to fit this model. You could also use a simple Google Sheets template, which is what I ended up sticking with—it’s flexible and lets you tweak percentages as needed. Personal tip: automating transfers to savings really helps stick to the 20%!