I know that budgeting is hard. I’ve often given up because something or the other has derailed my well-laid budget. Like a sudden party plan with my friends. Suddenly, I would’ve spent an extra 3K and I would toss the budget in the dustbin. That was until I found a budgeting hack that works for me.

1. The percentage method:-

The 50:30:20 rule — 50% of your income goes towards your necessities, 30% is towards the wants you want to splurge on, and 20% is the savings for your future. But you need to remember that this split isn’t for everyone. You have to find out what works for you. 

2. The envelope method :-

Take the cash and put it into different envelopes — label it Adulting, Splurging, Future You. Whenever you need money to pay for something that fits the category, dip into the envelope and use the cash that’s left in it.

3. Zero based budget :- 

Plan ahead of receiving your income. Allocate money to whatever spending you would be doing next month and use the remaining salary for an emergency fund or for buying a phone, whatever suute you best. And this simple act of planning ahead can have remarkable effects on your personal finance.

You may not know which method works best for you yet. So give it a try and you’ll figure out soon enough.