How do you build a budget? | Budgeting | Financial Literacy | Khan Academy

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[LupusLifestyle]

I just started budgeting 2 years ago and adhere to a zero based budgeting. It works best for me because I'm paying off almost 6 figures of non-mortgage debt and keeping an emergency fund. I'm glad that you're sharing budgeting tips now because it's a skill I wish I learned about a lot earlier.

[Flaystray]

Love his optimism of being able to find another apartment at will

[Ensxgn]

Thank you so much for making this. They don’t teach this in American schools and I really wish they did

[willyoupunchmeyesyesyes]

I have simple rule that works for me. 50/50.
50% of whatever i earn i get to spend in any way i wish.
50% is not touched at all unless its for investment. Defined as things that will make me more money, or at least have strong potential to do so. Meaning car payment, new furniture or anything like that is not in this category. It goes in first 50%.

[SereneRoseBush-orfp]

Love your presentation and how you did cutbacks on needs

[oddreads]

thanks so much for this! I'm relocating to NJ and needed a new budget badly😅

[minor]

Sir do you have that sheet available to share ?

[Flaystray]

Eating out is the same price as buying fresh ingredients, and you don't end up pulling your hair out

[cleanseroftheworld]

Dang, I wish my rent could be $700. I'm living in the smallest apartment I can in my town.

[VickiBee]

And to the people who STOLE my groceries ( bc I HAVE to have them delivered) that Instacart left on the sidewalk, you're lucky this state has the death sentence.

[Bayanii]

just bought a 120$ worth of fireworks, feeling guilty atm

[Flaystray]

Who out here paying $40 for Internet and phone data

[mkb]

Jokes on you. I applied that, then realized I just need a better paying job. Now, I don't care about my budget and I fund all my needs, all my wants and have a adequate sum of savings per month. You don't need this, you are just poor. The only thing I regret is trying to implement economic logic on a joke salary.