24
What is your favourite budgeting method? (discuss.tchncs.de)
submitted 1 year ago* (last edited 1 year ago) by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml
19 comments fedilink hide all child comments

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

  1. the envelope method
  2. the pay yourself first method
  3. 50/30/20 method
  4. zero based budget method

Which one is your favourite?

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

you are viewing a single comment's thread
view the rest of the comments
[-] lumberjacked@lemmy.world 4 points 1 year ago

I use YNAB which I guess is technically zero based budgeting but we refer to the categories as envelopes. In my mind I’m doing the same thing as when I had cash in envelopes I just don’t have to deal with cash. I group my categories by the 50/30/20.

So I guess 4 with a bit of 1 and 3?

[-] deeroh 3 points 1 year ago

Yeah! +1 for YNAB. Been on it for around 6 months now, can't imagine not using it anymore.

this post was submitted on 20 Aug 2023
24 points (96.2% liked)

Personal Finance

3828 readers
1 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 2 years ago
MODERATORS
WandererLagomorph799@lemmy.ml
nieceandtows@programming.dev
nieceandtows@lemmy.ml