Budget Builder | Learn Budgeting Skills

Budget Builder | Learn Budgeting Skills | GSU Free Finance

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Scenario

Budgets

GENO: Welcome to Budget Builder! The 50/30/20 rule is your guide: 50% for NEEDS, 30% for WANTS, 20% for SAVINGS. Let's build some budgets!

📐 The 50/30/20 Rule

50% Needs

30% Wants

20% Savings

Needs: Housing, food, utilities, transport

Wants: Entertainment, dining out, hobbies

Savings: Emergency fund, retirement, goals

Scenario 1: First Paycheck

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Jamie, 22

New college graduate, first real job

Monthly Take-Home Pay (After Taxes)

$3,200

Entry-level marketing position

🏠 NEEDS (Target: 50%)

Target: $1,600

🎮 WANTS (Target: 30%)

Target: $960

🏦 SAVINGS (Target: 20%)

Target: $640

💵 Monthly Income $3,200

📉 Total Allocated $0

💰 Remaining $3,200

Budget Used 0%

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📊 Budget Builder