Popular methods include 50/30/20, paying yourself first, and envelope budgets. The 50/30/20 strategy involves putting 50% of your money toward needs, 20% toward savings, and 30% toward wants.

The 50/30/20 rule is a popular budgeting technique. Use this calculator to figure out how to spend your money. A monthly budget can help you stay on top of your finances.

The 50/30/20 budgeting rule has long been the gold standard. According to this budgeting rule of thumb, you should devote 50% of your after-tax income to needs, 30% to wants and 20% to savings.