There are several methods to create a budget. Some of them include the zero-based budgeting where every dollar has a designation, the 50/30/20 rule where you allocate 50% of your income to needs, 30% to wants, and 20% to savings and debt repayment, and the envelope system where you allocate cash for different categories in envelopes. There's also the value-based budgeting where you allocate money based on your personal values.
Simplify the process of budget creation with our Budgeting Model template. This template includes ex...
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