Different Budget Types. There are different strategies when it comes to budgeting. The strategies are designed to help make budgeting easier overall. Every person is different and one strategy may work better for you than another strategy. Reading about the different strategies can help you determine the best budgeting strategy for your personal situation.
Harvard bankruptcy expert Elizabeth Warren_named by Time magazine as one of the 100 Most Influential People in the World_coined the ൺቺተ rule" for spending and saving with her daughter, Amelia Warren Tyagi. They co_authored a book in 2005: "All Your Worth: The Ultimate Lifetime Money Plan." So how does the 50ቺተ plan work? Here's how Warren and Tyagi recommend you organize your budget.