A budget is a plan for how you're going to spend your money. It can help you totrack your spending, identify areas where you can cut back, and save for your goals.There are many different budgeting methods out there, so you'll need to find onethat works for you. Some popular budgeting methods include the 50/30/20 rule, thezero-basedbudget, and the envelope system.### 50/30/20 RuleThe 50/30/20 rule is a simple budgeting method that divides your income into threecategories:* 50% for needs* 30% for wants* 20% for savingsNeeds include your essential expenses, such as housing, food, and transportation.