Choosing to create a budget is the first step in managing your money and achieving your financial goals. Your financial goals determine how you budget your money.

Use the infographic below to learn what is the best budget method for your financial situation after creating your financial goals. You can select one, or you may need a combination of budget methods to reach your financial goals.

How do you know which budget method is correct for you:

The traditional budget method is for detailed oriented budgeters. A traditional budget is not suited for "big picture thinkers, creative types and busy people."

The envelope system budget is for people who want to plan out what they want to spend each month. This method relies on cash more than bank cards.

The pay-yourself-first is a simple budget method and focuses on increasing savings and reducing debt.

The 50/30/20 budget method is straightforward and doesn't require closely tracking your money. It is suitable for beginning budgeters.

The zero-based budget method is simple and recommended for experienced budgeters.

To read further and obtain additional information go to Student loan hero and The Balance

Discovering the suitable budget method takes time and patience and can change yearly with your financial situation. Before choosing a budget method, examine your financial situation and review your financial goals. Remember your budget method will be responsible for your money practices and decisions for a time.

Get help with choosing the right budget method for your financial circumstances.