With the 50/20/30 budgeting method:

• 50% of your monthly spending goes toward essentials - your home, your food, etc.
• 20% of your monthly spending goes toward savings goals. It also includes paying down debts as it helps you build savings la...

Debt payments may look confusing when you add it to the savings column. But the easiest way to build up a savings balance is not to have your money go toward debt. Once your debt is paid off, you can increase the savings.

Play around with your monthly budget to see where you can reduce your monthly spending:

• You could contact your internet company to get a discount.
• You can clip coupons and use rebate apps to spend less on your monthly groceries.
• You could set aside less for medical ...