Managing Your Military Pay For 2020 | The Best Beer Budget

How do you manage Military Pay for 2020 and still have enough for beer? It is the B word, as in Budget. SUBSCRIBE TO SEE MORE 👉🏽👉🏽👉🏽

Some background of when I learned to budget seriously was through Dave Ramsey, but have since created my own system. The budget, rule of thumb we cover on this video is the 50-20-30 Rule which is the following:

50% of pay check goes to Necessities = living expenses.
20% for Savings= retirement accounts, military is TSP (thrift savings plan), IRA (individual retirement account), emergency fund or what I like to call my “F you money”, taxable investment accounts (stocks, bonds, mutual funds)
30% on Lifestyle = things that help you enjoy your quality of life. It can be gym fees, hobbies, YOUR DOG.

Managing Your Military Pay or any pay is valuable because it provides a strong building block towards wealth. The best beer budget is one where you are aware of your spendings when going out in town.

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