When it comes to good budgeting methods that are simple and help you get in control over your own finances, one of the best options to choose is the 50/30/20 rule. This is a great one that allows you to split up your money in the manner that makes the most sense to you at the time. With this one, 50% of your income goes to your needs like your groceries and your housing, 30% goes to all those extra wants that you have to take care of, and 20% goes to savings and investment for the future.

There are a few benefits that you can enjoy when you choose the 50/30/20 rule and they will include:

# Easy to use: A lot of people like to choose this option because it is easy to use and apply. You can figure out how to distribute the income right away, without having to do some crazy calculations at the same time. Whether you are tech savvy or not, this can be the right choice for you.

# Enact financial balance. When you use a budget, you can manage the money in a more balanced manner. You will make sure that everything necessary is covered first and you learn how to prioritize savings, which is something you may not have done in the past.

# Prioritize vital expenses: This budget makes sure that you handle the necessities first, long before you worry about the rest. This allows you to move the numbers around a bit but still come out well when it comes to your finances.

# Emphasize savings: if you did not spend a lot of time on savings in the past, then you will love this budgeting technique. This one asks you to spend 20% of your income on savings. This helps you to set up your own emergency fund while also investing so that you can put money towards other things as well.

# Promote financial security: This method is going to help you to promote your financial security now and in the future.

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