Tag Archives: Five Category Budget

Is the Five Category Budget “Just Right” for You?

The Five Category budget

Keep your budget simple with this budgeting strategy

Do you remember the story of Goldilocks? She was always searching for something that was “just right” in the middle. Raccoon Valley Bank believes that Goldilocks can teach us something about budgeting too.

Some people feel like a detailed line-item budget is too complicated or restricting for them. Others find some budgets, like the 80/20 rule are too broad. If you are looking for something in between the two that offers a general overview of your spending, the Five Category Budget may be what is “just right” for you.

Continue reading