11/17/2023
✨BUDGETS✨ They might sound boring, but an effective budget is a crucial tool for achieving your financial goals!
🤩Budget Bonuses🤩
💰fully customizable – budgets can be as detailed or as simple as you desire; it’s YOURS so make sure the format and tracking process works for YOU
💰changes with life circumstances/goals – your life changes and your budget should too
💰relieves financial stress – feel the security of having money already saved for irregular and unexpected expenses but also feel the freedom to spend the money you budgeted for things you really want
💰inspires discipline – a budget is meaningless if you don’t stick to it
💰celebrates achievements – always acknowledge and celebrate your financial achievements; this keeps you motivated
🎯General Budgeting Guidelines🎯
📊20% Savings: 👏PAY YOURSELF FIRST👏 by establishing an emergency fund, contributing towards retirement accounts, paying off debts early, and investing📈
📊30% Wants: the 💎luxuries💎 such as traveling, shopping, entertainment, gadgets, etc.. you know, the finer things in life💁♀️
📊50% Needs: the stuff you can’t live without aka housing, vehicles, groceries, insurance, health care, utilities, and minimum debt payments🏡
*Guidelines are for after tax income. Budgets are personal so these guidelines will not be applicable to everyone.
💵You work hard for your money so give every dollar a PURPOSE and put it to good use!
👩💻Now is the perfect time to start thinking about your 2024 budget! Need assistance? DM us to see how we can help!
www.hingstfinancial.com
