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Money Math: Budgeting Tips for Gen Z

Managing your money can be a daunting task. But with some basic math skills, you can budget your money like a pro! Here are some tips to get started:


  1. Track your spending: Keep a record of your expenses for a week or a month. Write down everything you spend money on, from a cup of coffee to a new outfit. This will give you a good idea of where your money is going.

  2. Set a budget: Based on your spending habits, set a budget for each category, such as food, rent, transportation, and entertainment. You can use a budgeting app or a simple spreadsheet to help you stay on track.

  3. Use percentages: A good rule of thumb is to allocate 50% of your income to needs (such as rent, utilities, and groceries), 30% to wants (such as dining out and entertainment), and 20% to savings and investments. This is known as the 50/30/20 budget rule.



  1. Calculate your net worth: This is the difference between your assets (such as cash, investments, and property) and your liabilities (such as debt and loans). Knowing your net worth can help you make better financial decisions.

  2. Use math to save money: For example, you can calculate the price per unit when shopping for groceries to find the best deals, or use compound interest to see how much your savings can grow over time.

By using math to budget your money, you can make informed decisions and take control of your finances. And the bes


t part? You don't have to be a math genius to do it!

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