Simple Strategies for Budgeting Success

Posted on August 27, 2012

  The Entrepreneur magazine featured J.D. Roth who shared some helpful tips for budgeting your personal expenses. 

The breakdown of mother-daughter team Elizabeth Warren and Amelia Warren Tyagi is this:

– 50% or less for needs
– 20% or more for savings
– 30% for wants

1) Forget perfection – “If you can’t get your money into perfect balance, get it as close as you can.”
2) Don’t sweat the small stuff – “It’s the big stuff that really counts. Be smart when you buy a house or a car, and you’ll have more room in your budget for fun.”
3) Keep it simple – “If your system of budgeting is a chore, you’ll never follow through.”

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