VIDEO: 4 Budgeting Systems You Need to Know

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This video was originally posted by NerdWallet on April 26, 2022.

VIDEO: 4 Budgeting Systems You Need to Know

The goal of budgeting systems is to help you get a sense of where your money is going and how you might want to adjust your spending. Each budgeting method uses a different approach to reach that goal, so choosing one is all about deciding what works best for you. It often comes down to what you are trying to do: Trim spending, pay off debt, or build savings for future goals, for example. It also depends on your own preferences in terms of how you like to track your spending. In this video, Personal Finance Expert Kim Palmer breaks down four of the most popular budgeting systems, so you can decide which is best for you.