Budgeting 101

Save money or go broke. You need to know where your money is going to maximize your income and save.

General guidelines:

• The 50/30/20 budget 

  • 50% towards NECESSITIES

  • 30% WANTS

  • 20% SAVINGS AND DEBT REPAYMENT

Cost of Living Calculators

• https://www.payscale.com/cost-of-living-calculator  

• https://smartasset.com/mortgage/cost-of-living-calculator 

• https://www.nerdwallet.com/cost-of-living-calculator 

Tax Calculators

• https://smartasset.com/taxes 

• Great W2 income calculator: https://www.talent.com/tax-calculator 

Budget Templates

• With Google Sheets

  • Easy Version (most aesthetically pleasing)

  • Version 2 (my favorite in terms of practicality)

    • Tutorial here:

  • Version 3 (for tracking everything)

• Automation 

  • https://pcap.rocks/baili9 OR mint.com 

    • website and mobile app

More Sources/Optional Reading

• https://www.nerdwallet.com/article/finance/nerdwallet-budget-calculator  

• https://wellkeptwallet.com/recommended-budget-percentages/ 

• https://www.pcworld.com/article/3239266/personal-capital-software-review.html 

• https://www.i1.creditdonkey.com/image/1/1200c/mint-budgeting.png 

* All videos are for entertainment or educational purposes only and should not be construed as financial or investment advice. Any links provided may include referrals that help financially support me and the channel. Referral offers and information provided may change or update over time so make sure to do your own research.