The Smart Investors

The budgeting method that favors you depends on what suits your interests. There are those who find it easier using zero-based budgeting and others follow the 50/30/20 rule. I think the best one to choose should be the one you can sustain with time.

Your lifestyle is what determines the best budgeting technique. The 50/30/20 rule (50% needs, 30% wants, 20% savings) is a general rule that is very effective. It works well for me too.

Envelope budgeting is effective when you want physical control and online tracking work well on apps like YNAB. All you need is to be flexible based on the changes in your income.