Pay Yourself First: Reverse Budgeting Explained
Payroll deductions are a great first step, but to follow the 50/30/20 rule, savings of 20% might require an additional top up. Enjoy this DailyFind, love from CW!
Most budgets are built around your expenses. But the pay-yourself-first method flips that approach on its head. With this reverse budgeting strategy, you build your spending plan around savings goals, such as retirement, instead of focusing on fixed and variable expenses. Keep reading to find out if this budgeting strategy would work for you. […]