Free Digital Budget

Thank you so much for taking the time to download your Monthly Digital Budget sponsored by New York Life Insurance. The fact that you are here means you have checked out our newest segment Money Mondays featuring New York Life Insurance Financial professional David Mueller. In our last segment David shared some amazing tips on how we can create a monthly budget, we learned about the 50, 30, 20 rule, and we mapped out how you can use extra cash to create goals for your long term and short term financial goals.

One of the most common percentage-based budgets is the 50/30/20 rule. The idea is to divide your income into three categories, spending 50% on needs, 30% on wants, and 20% on savings. Learn more about the 50/30/20 budget rule and if it’s right for you.