 TITLE: 4 Types of Budget Plans to Know About CONTENT: 4\\. Pay-Yourself-First Budget\n-----------------------------\nWith this budgeting approach, the most important thing is to make sure that your savings and debt goals are met. When you get your paycheck, you'll set aside money for those goals. After that, you can use the remaining money for whatever you want.\nOf course, you'll need to account for recurring expenses like rent or mortgage payments, utilities and other bills. Once your priorities are handled, you'll know what you have left over for the fun stuff. The idea with this budgeting method is that you don't have to keep track of exactly where your money goes, just that you don't run out of it.\nThe pay-yourself-first budget is best suited for someone who doesn't want a complicated budgeting process. It's also best to avoid credit cards with this approach because they don't give you an accurate view of how much money you actually have to spend in your checking account. END