"No" Budget Method of Budgeting

Orange Lightning

The No-Budget Budget simplifies finances by automating savings and fixed expenses, leaving remaining funds for discretionary spending, ideal for consistent incomes, here are some things to know about it.

1

Simple Savings Approach

Automatically funnel at least 10% of your take-home pay into a separate savings account each payday.

2

Automated Fixed Expense

Set up autopay for all fixed expenses, including house payments, utilities, phone bills, and retirement contributions.

3

Freedom with Remaining Fund

After savings and fixed expenses, the remaining money is free for discretionary spending.

4

Time-Saving

Minimal effort required for setup, allowing more time for hobbies and other interests.

5

Reduced Worry

Autopay ensures bills are covered, reducing the risk of forgetting payments and potential discounts for going paperless.

6

Not Ideal for Debt

Not suitable for those with significant debt or new to budgeting, as it offers less control over spending.

7

Inflexibility with Income Change

Can be challenging to adjust if income fluctuates or decreases, requiring a more detailed budgeting plan.