Work toward the 50/20/30 Budget Rule – If you ever go to debt counseling, you'll learn about the 50/20/30 budget rule, which they should teach everyone in high school. The way this budget works is that you set aside 50 percent of your after-tax income to pay for all your needs such as groceries, housing, utilities, health insurance, car payment, water, and doctor bills. 20 percent goes to savings, while 30 percent goes to wants such as shopping, dining out, and hobbies. If you have credit card debt, you should
take it from your wants (and if you have to your savings) due to the interest. Setting a budget simply requires that you write down what you will spend on everything you want and need to purchase, from housing to health care to entertainment. If you have a shortfall, you need to either cut the budget items down or make more money. Straight up! Get more tips with this Ebook. Mine Ya Grind and Mine Ya Business.