Create and track your monthly budget to achieve your financial goals
$5,000
$3,000
$900
Great savings rate!
Allocate 50% for needs, 30% for wants, and 20% for savings and debt repayment.
Monitor your spending for at least a month to understand your true spending patterns.
Aim to save 3-6 months of expenses for unexpected financial situations.
Regularly review and adjust your budget based on changing circumstances.