HOW TO BUDGET | Budgeting for beginners | Budgeting Calculator | 50-30-20 rule

In this video, I explain how to use a spreadsheet for developing a budget. The spreadsheet is FREE. Usually, when you develop a budget, there are lots of questions and having a budgeting calculator with all the work done for you is an effective tool for beginners to learn how to budget. This is part 1 of a 2 part series. In this video I walk through how to create a budget and discuss the 50-30-20 rule. The budgeting process begins with including your pre and post tax income. After that defining your needs, wants and saving goals are the next steps in developing the budget. Having a good budget is the best way to help the beginner become debt free. If you find value, consider subscribing. Subscribe:    / @buildingyourfinancialfutur7843   DISCLAIMER: The opinions expressed in these videos are not meant to be financial advice. Always consult with your financial advisor and do your own due diligence as individual facts and circumstances may vary.