Budgeting: The 50/30/20 Strategy | Women & Wealth

It's so simple, most people forget to do it.

That's right. This week we're talking about making a budget.

…and like most topics on money, it can be difficult for people to sit down and think about – which is why Regina is making it easy and going over a specific plan that can get you started if you haven’t already – the “50/30/20” budget.

Additionally, Regina elaborates on spending, saving, debt repayment and the glue that holds any budget together, accountability.


Episode Highlights:

0:00 - Introduction
0:38 - Financial literacy
2:19 - Budgeting
4:19 - 50/30/20 Budget Rule
5:46 - Breaking down “your wants”
8:08 - Your savings and debt repayment
10:16 - Accountability
14:30 - Action item and wrap-up



ABOUT REGINA MCCANN HESS

Regina is the author of Super Woman Wealth: How to Become Your Own Financial Hero. As an advocate for women’s financial freedom, she wrote this book to help empower women to take a bigger role in handling their money.

Regina has appeared on Schwab TV, Yahoo Finance, Forbes.com, NTD Television, CBS 3 Philadelphia, Fox 29 Philadelphia, King 5 Seattle, KTLA 5 Los Angeles and Scripps News. She has also been quoted in numerous articles in publications such as Forbes, Business Insider, U.S. News & World Report, Yahoo Finance, USA Today, USA Wire, Word in Black, WTOP News, Mind Body Green, Money Digest, New York Post, Defender, Authority Magazine, GoBankingRates.com, Scripps and The Muse.

As Founder of Forge Wealth Management, Regina utilizes her 25+ years of financial services experience to help individuals plan, preserve and diversify their wealth. She focuses on educating her clients while building long-term relationships with them and their families. Her experience throughout major shifts in the markets, enables Regina to structure balanced portfolios to address specific financial goals.


CONNECT WITH REGINA

Website: https://www.forgewealth.com
LinkedIn:   / reginamccannhess  
Facebook:   / forgewealth  
Instagram:   / forgewealthmanagement  
YouTube:    / @forgewealth  
Email: [email protected]

Securities offered through LPL Financial, Member FINRA/SIPC. www.finra.org, www.sipc.org
Investment advice offered through Private Advisor Group, a registered investment advisor.
Private Advisor Group and Forge Wealth Management are separate entities from LPL Financial.
Third-party posts found on this profile do not reflect the view of LPL Financial and have not been reviewed by LPL Financial as to accuracy or completeness.
For a list of states in which I am registered to do business, please visit www.forgewealth.com.