3 Budgeting Methods That Can Help You Take Control of Your Money

Innovating Protection for Tomorrow

Managing your money doesn’t have to be overwhelming — it just needs to be consistent. Whether you’re living paycheck to paycheck or looking to optimize your savings, budgeting is one of the most important steps toward financial stability and future wealth.

Here are three popular budgeting strategies — and how to choose the one that matches your lifestyle.

The budget that works best is the one you can stick to — not the one that looks perfect on paper.

Dr. Hillary Aza

1. The 50/30/20 Rule: A Balanced Approach

This rule splits your income into three categories:

50% Needs (rent, groceries, insurance)
30% Wants (dining out, entertainment)
20% Savings & Debt (emergency fund, retirement, debt payments)

It’s perfect for people who want structure without overcomplicating things. It helps you prioritize essentials while making room for fun — and savings.

2. Zero-Based Budget: Every Dollar Has a Job

With this method, you assign every single dollar you earn to a category — until you’re left with $0 unassigned.

Rent: $1,000
Groceries: $300
Savings: $200
Fun: $100
Total Income: $1,600 → Total Expenses: $1,600

This method is ideal for people who love details or want to cut unnecessary spending. It gives you total control and accountability.

3. Envelope (or Digital) Budgeting: Keep It Visual

This old-school method involves dividing your income into “envelopes” — either physical cash or digital categories.

You set aside a fixed amount per envelope (e.g., $200 for groceries).
When that envelope is empty, you’re done spending in that category.

Apps like YNAB or Goodbudget make this easier to track. Great for anyone who struggles with overspending or wants clear limits.

How Veracity LD Can Help

Budgeting is the foundation of every strong financial plan. At Veracity LD, we help you build beyond the budget — with life insurance, retirement savings, education planning, and more. Whether you’re just getting started or need a complete financial reset, we’re here to guide you.

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