Peace family! Today we're discussing budget allocation, I've witnessed people have a plan for everything else in their life but their money. They'll plan their weekend, what outfit they're going to wear, places they're going to, etc with no problem. But when it comes to putting a budget together it's a super struggle. So I'm going to help those out that struggle with budgeting with a simple plan courtesy of @getjoemoneyright podcast.
50% goes to needs (bills...food...gas)
20% goes to debt repayment and savings
20% goes to investing (give your money a job)
10% goes to wants (moves, leisure events)
If you have to adjust the numbers to your liking by all means please do so, I just want you all to start having a plan for your money. 78% of us live paycheck to paycheck, and implementing a budget plan helps resolve that issue. 2019 is coming & I don't want you all to have the same money problems in a new year.