Beginners Guide of How to Budget

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Budgeting is an important element of effectively managing your money. However, it can also be a daunting task especially if you are a beginner.

Making your budget as simple as possible will allow you to start taking control of your finances, even if you’ve never done this before.

Here are 7 Simple and Effective Strategies for Beginners to Start a Budget

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Set a Baseline

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Use the 50/20/30 Rule

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Break Your Expenses into Categories.

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Pay Money Into Your Savings First

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Pay Your Bills Online

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to follow the step-by-step guide on how to budget for beginners

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