Know Your Budget - 20/1/80

Budgeting is key to financial success and freedom. You must know how much is coming in and how much is going out. More importantly, you need to know where it's going. Strive for the "20/1/80". Limit your expenses to no more than 20% of your income, have 1 year of expenses in a savings account, and invest the other 80% of your income. We'll get into what type of investments at a later date. For now, know your budget and strive for the "20/1/80". You will have financial success and freedom in no time!