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  • Budget50: Massive Money Guide screenshot 1
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About Budget50: Massive Money Guide

Create a budget for yourself every month.
• Keep track of all your income
• Split your income using the 50/30/20 rule
• Be aware of your spending habits and cut back

Your budget will be your guide towards the financial freedom you seek.

FINANCIAL NEEDS
Your needs are:
• Utilities
• Housing
• Transportation
• Food, water and clothes
The app helps you to keep your needs at 50% of your total net income.

FINANCIAL WANTS
Your wants are:
• Clothing that isn't essential
• Dining out or ordering take out
• Hobbies, traveling, large house, and new expensive car
The app helps you to budget your wants within 30% of your monthly net income.

SAVINGS
Pay yourself every month towards:
• Retirement or long-term savings
• Short-term savings for a new car or vacation
• Emergency funds of 6-12 months of living expenses
Put 10% of your net income towards savings each month.

Frequently asked questions

How can I create a budget for myself every month?
Keep track of all your income and split your income using the 50/30/20 rule to create a monthly budget.
How can I be aware of my spending habits and cut back?
The app helps you to be aware of your spending habits and cut back on unnecessary expenses.
What are considered financial needs?
Financial needs include utilities, housing, transportation, and food, water, and clothes.
How does the app help in budgeting financial needs?
The app helps you keep your financial needs at 50% of your total net income.
What are considered financial wants?
Financial wants include non-essential clothing, dining out or ordering take out, hobbies, traveling, large house, and new expensive car.
How does the app help in budgeting financial wants?
The app helps you budget your financial wants within 30% of your monthly net income.
What should I pay myself every month towards?
You should pay yourself towards retirement or long-term savings, short-term savings for a new car or vacation, and emergency funds of 6-12 months of living expenses.
How much should I put towards savings each month?
You should put 10% of your net income towards savings each month.

Alternatives to Budget50: Massive Money Guide

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