Do you know where your money actually goes each month?

Understanding the difference between fixed and variable expenses is a key part of creating a budget that works.

🔒 Fixed Expenses – These stay the same every month:
Rent/mortgage, car payments, subscriptions, insurance.

🎯 Variable Expenses – These change month to month:
Groceries, gas, eating out, shopping, entertainment.

Earning more doesn’t guarantee financial security. Without a budget and smart money habits, even high earners can struggle. It’s not just about how much you make—it’s about how you manage it!

Want a simple way to manage your money? Try the 50/30/20 rule!

This budgeting method helps you balance your finances while covering essentials, enjoying life, and securing your future. Here’s how it works:

50% – Needs: Rent/mortgage, utilities, groceries, transportation, insurance
30% – Wants: Dining out, entertainment, shopping, hobbies
20% – Savings/Debt: Emergency fund, retirement, investments, debt repayment

By following this structure, you ensure that your priorities are covered without overspending or feeling deprived. It’s all about balance and financial freedom!

Are you using the 50/30/20 rule?

Are these budgeting mistakes costing you money? Here’s how to fix them:

❌ Not tracking your spending → ✅ Use an app or a simple spreadsheet.
❌ Setting unrealistic budgets → ✅ Give yourself room for fun & flexibility!
❌ Forgetting to plan for unexpected expenses → ✅ Create a sinking fund for surprises.

💡 Which of these mistakes have you made?