Identify Your Personal Budgeting Style

To achieve your financial goals, it's essential to know where your money is going. This is why having a budget is so important. And what's even more important is to find a budget that matches your personality. From the first video, it will help you discover the 4 types of budgets available to fit your personal budgeting style. For more on how to budget based on your ideal preference, watch the video on each budgeting style:

• the envelope method (ideal for people who don't want to track every single expense in the budget)
• pay yourself first method (ideal for people who don't want to track every single expense in the budget and want to increase how much they are saving)
• the 50/30/20 method (ideal for people who like tracking expenses and to follow a guideline)
• the zero-based method (ideal for people who love details and want to know where every single cent goes)

For more insights and steps that can make a big difference in achieving your financial goals, download Vanguard’s Guide to Financial Wellness to continue your financial journey.