The 50/30/20 method is going to provide you with a simple format to help handle your money, no matter how much you make. When you can separate all of the expenses into some broad categories, it is easier to match it all up and make things work for your own financial goals. This method is going to split up your money and make it easier for you to know where it is going each month.

When we look at the 50% category, you will find that you are supposed to spend 50% of your income on anything that is a need. Half of your after-tax income needs to go for all of your needs and obligations. These will be the bills that you absolutely have to pay, like your rent or mortgage or some of those debts that are behind. If you spend more than 50% of your income on the needs, it is time to cut down on the other parts of your life to make sure that it is all going to fit.

Some of the items that need to fit into this category includes;

# Your rent or mortgage payment: If these are too high, it may be time to look at a new place to live to lower them.

# Car payments: Switching out to a used car with a lower payment can help this fit into the 50% a bit better.

# Groceries: Eating at home and learning how to plan meals can make a big difference with this one.

# Health care and insurance will be important to keeping you safe, but shop around to make sure that you are prepared.

# Minimum debt payments: The extra that you put towards debt goes into another category later on. Try to pay these down to make sure that you are at 50%.

# Utilities: You can find ways to reduce the amount you spend on your utilities to make sure that your budget isn’t blown when the weather gets extreme around you.

When you need a bit more space for your family or a few roommates, then picking out a two-bedroom apartment is going to be one of the best decisions that you can make. That is why you need to take a look at some of our two bedroom apartments in San Marcos to help make the moving process a bit easier. We welcome you to come take a tour of some of the units we have available, ask some questions, and see what amazing amenities we have available at the time. Come and take a look at our apartments and see whether one can become your new home.