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What is your favourite budgeting method? (discuss.tchncs.de)

submitted 2 years ago* (last edited 2 years ago) by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

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A Vanguard video (https://m.youtube.com/watch?v=1nprZjV_6FM) refers to 4 budgeting methods

the envelope method
the pay yourself first method
50/30/20 method
zero based budget method

Which one is your favourite?

Edit: non-text version with a 5th method: https://www.lendingtree.com/student/simple-budget/

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[–] Zuckey78@startrek.website 2 points 2 years ago (1 children)

Zero based budget. Envelope method using the Goodbudget app (not really the way it’s meant to) so that my partner and I can see where we are at any given time firming the month for our “cash envelopes”.

We use “cash envelopes” for: Groceries Restaurant Entertainment Cosmetics & Toiletries Pets Gas Dry Cleaning Haircuts Blow Money

[–] KreekyBonez@lemm.ee 3 points 2 years ago (1 children)

"blow money"

happy to see someone properly budgeting for nose candy

[–] Zuckey78@startrek.website 1 points 2 years ago

That goes under entertainment.