Letâs introduce you to Budgeting 101.
Letâs introduce you to Budgeting 101. By Rachel DePompa | January 11, 2021 at 6:01 AM EST - Updated January 11 at 11:48 AM
RICHMOND, Va. (WWBT) - New Year, new money situation! Itâs time for a little budgeting 101.
Your budget doesnât have to be in a fancy spreadsheet with graphs and charts. A simple, hand-written list of expenses can get you started.
Start by writing down all of your expenses for a month. Everything so you get a good picture of where your money goes.
Then, create a budget that leaves room for needs and wants. Thatâs called the 50/30/20 budget:
Hacking the 52 Week Money Challenge
52 week money challenge By Rachel DePompa | January 8, 2021 at 6:01 AM EST - Updated January 8 at 10:10 AM
RICHMOND, Va. (WWBT) - This week we told you all about the 52 week money challenge to get you to save in 2021.
Now, weâre going to show you how to hack it! The idea is simple! You start socking away a dollar the first week of January 2021. Two dollars the second week. Gradually increasing how much you save each week until you are setting aside $52 for the final week in December. By the end of the year you will have saved $1,378.