BUDGET YOUR MONEY THE RIGHT WAY!! watch till the end! #shorts #Budgeting #BudgetTips

When you build a budget, you’re making a plan for how you’ll spend your money each month. By using the 75/15/10 rule, you start the process by dividing up your income into three buckets:

75% of your money is for your living expenses. That includes must-have needs, like rent/mortgage payments and bills, as well as wants like entertainment and other discretionary spending.

15% of your income is devoted to investing, such as a retirement fund or brokerage account. This money is invested in securities like stocks, bonds, and exchange-traded funds (EFTs) with the aim of growing it over the long term.

10% of your earnings go into savings, ideally in an interest-bearing account, to set aside money for short-term goals or an emergency fund to cover large, unexpected 75expenses.

Because the 75/15/10 rule is based on percentages, not hard dollar amounts, you can apply it no matter how much money you make. The lion’s share of your income covers the day-to-day cost of living, while the rest goes toward funding your future financial goals.

[itsvictorytime]

damn this video didnt get well, now im trying new style heh ;3