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What is your favourite budgeting method? (discuss.tchncs.de)
submitted 3 years ago* (last edited 3 years ago) by to c/personalfinance@lemmy.ml
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A Vanguard video (https://m.youtube.com/watch?v=1nprZjV_6FM) refers to 4 budgeting methods

  1. the envelope method
  2. the pay yourself first method
  3. 50/30/20 method
  4. zero based budget method

Which one is your favourite?

Edit: non-text version with a 5th method: https://www.lendingtree.com/student/simple-budget/

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[–] 6 points 3 years ago

I believe I'm doing the zero-based budget method. It is a chore, and certainly not for everyone, but I like to keep track of every single expense.

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