BDI International Magazine - March/April Issue

MASTER YOUR
BUDGET STRATEGY
IN 2020
Brandi Marcene | Entertainment, Money & Culture
The New Year has kicked in with
new hopes and new resolutions.
We all make some promises
and set some goals at the beginning
of the New Year. Plans to lose weight,
maintaining a healthy lifestyle, paying
off debts, and saving money are a few
milestones that almost every person
wants to reach.
Half of the American population
wants to become financially stable. Yet,
you cannot achieve this target without
managing your finances. Many people
don’t have any plans or budgeting
strategies to keep track of their money.
In addition, the majority of the people
don’t have an emergency fund and
don’t know how to balance spending
and saving. If you don’t want to find
yourself in a miserable financial state
in 2020, now is the time to learn some
tricks to master your budget.
You Need a Budget Plan for 2020
Before exploring the many ways of
managing your finances, it is key to
understand the importance of budgeting
in the first place.
People who spend money without
keeping track of their expenses and
savings often find themselves in a
precarious financial crisis. Budget is
a financial plan that helps you keep
the money trail. It helps you outline a
BDI International Magazine | Page 46