Keeping track of your money is the first step of any financial journey and this can be hard. breadhound is here to help! breadhound combines simple money tracking with the easy to follow 50/30/20 budget rule. Tracking and budgeting doesn't have to be complicated, with breadhound you'll see where your money is going so you can find even more ways to save.
So what is the 50/30/20 rule? It’s a simplified budgeting method made popular by Senator Elizabeth Warren. It breaks down your spending into 3 types: Needs, Wants, and Savings. 50% of your money is spent on things you need such as housing costs, transportation, groceries, bills etc. 30% is spent on things you want, Gucci belts, take-out, entertainment etc. Lastly 20% is set aside for savings which can be used to invest or pay down debt. This method of budgeting is meant to be less complicated and therefore easier to follow.
Many budgeting apps are overwhelming and over complicated, with breadhound you can get up and running in seconds! Try it today! :)
So what is the 50/30/20 rule? It’s a simplified budgeting method made popular by Senator Elizabeth Warren. It breaks down your spending into 3 types: Needs, Wants, and Savings. 50% of your money is spent on things you need such as housing costs, transportation, groceries, bills etc. 30% is spent on things you want, Gucci belts, take-out, entertainment etc. Lastly 20% is set aside for savings which can be used to invest or pay down debt. This method of budgeting is meant to be less complicated and therefore easier to follow.
Many budgeting apps are overwhelming and over complicated, with breadhound you can get up and running in seconds! Try it today! :)
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