Most people have money allocated for specific categories when they budget, that doesn't mean they are living on the razors edge if they simply wanna know how much more they can spend while still adhering to their predefined budget!
A lot of people (including me) have savings as one or more line items on their budget.
My budget is super duper simple:
1) Put the bills money direct deposited into in one account - that is money for mortgage, streaming services, taxes, insurance, water, and electricity.
2) Put a predefined savings amount direct deposited into savings and investment accounts. This includes 401k deductions.
3) Put the remaining money into a third account and spend it all however I want. I'm on budget as long as I don't spend more than what's in this account.
Most people have money allocated for specific categories when they budget, that doesn't mean they are living on the razors edge if they simply wanna know how much more they can spend while still adhering to their predefined budget!
A lot of people (including me) have savings as one or more line items on their budget.
My budget is super duper simple:
1) Put the bills money direct deposited into in one account - that is money for mortgage, streaming services, taxes, insurance, water, and electricity.
2) Put a predefined savings amount direct deposited into savings and investment accounts. This includes 401k deductions.
3) Put the remaining money into a third account and spend it all however I want. I'm on budget as long as I don't spend more than what's in this account.