How to Choose The Right Budget System For Beginners

Mentally Financial with Gary B.: Real Talk, Real Struggles, Real Solutions

Mentally Financial Season 4: Real Life Budgeting & Money Management for Beginners
Show Topic: “How to Choose The Right Budget for Beginner.” August 6, 2023, Episode 5

What’s up Fam. Today I wanted to talk about “ How to Choose The Right Budget for Beginner.” The best system for you depends on what you’re trying to do — curb spending, pay down debt, build savings or something else. Choosing the right budget can take you along way.

For Beginners:
Bugdeting: I recommend the 50/30/20 Budget system. To start and add another once you get a hang on it
Banking: I would say for beginners start with one check, and one savings account but consider increasing that number as your financial goals change.
I’m going to talk about 4 things in this episode two which I use monthly:

1. Getting started: The 50/30/20 budget

2. Curb your spending: The envelope system, or 'cash stuffing'

3. Build up your savings: Pay yourself first
4. Make the most of every dollar: The zero-based budget
A new episode drops every Sunday @12pm. I hope you can learn something that will help you in life.
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