What is Budgeting?

Budgeting involves creating a financial plan to meticulously track and manage your expenses. The main goal is to optimize your spending, allowing you to save and invest money for your future aspirations.

The Budgeting Tool :

A budgeting tool doesn't have to be fancy; a simple notebook can do the trick. However, these days, many banks and financial institutions offer digital budgeting apps that often link directly to your bank accounts and credit cards. This lets them automatically track your spending, so you don't have to do it by hand. For example, Fidelity has a good budgeting app that handles all the tracking for you.

Fidelity Budgeting Tool : Here is the glimps of the Fidelity budgeting Tool ( I used random numbers just for the demonstration)

Thank you and keep building your legacy through Generational Wealth! Take care and don't forget to enjoy the journey and take care of your health.

Note : There are tons of budgeting apps out there, so you can pick one that fits your style. My personal preference is to keep it simple and use whatever app your brokerage firm might offer. But if you're looking for other options, NerdWallet often puts out rankings of the best budgeting apps, so you can definitely check those out and find one that works for you.

https://www.nerdwallet.com/article/finance/best-budget-apps

A Simple and FREE App : https://www.calculator.net/budget-calculator.html

Call To Action : Open a FREE account with Fidelity NOW and start budgeting!