There are a lot of different budgeting methods out there that you need to choose from. Each one is designed to work a little bit differently, ensuring that you will be able to meet your goals but taking into   account that everyone has a different income and may have a different relationship when it comes to budgeting their money. Finding the right one for your needs can make all the difference.

The pay yourself first budgeting method is a good one if you are worried about getting money put into savings. You may have that as a goal each month, but then you turn around and your money is all gone. This one forces you to pay something into your retirement and savings before you touch the rest of your bills. There are some positives and negatives to this method, and they include:

The Benefits

There are a few benefits to going with this kind of budgeting plan, and it can work well for a lot of different people. Some of the benefits to consider if you are looking at the pay yourself first budgeting method includes:

# This can be one of the best options if you are trying to pay down your debt or you would like to save more money than before.

# You will be able to reach some of your goals without needing to track every expense down.

The Drawbacks

Of course, this budgeting technique is not going to work for everyone who gives it a try. There are a few drawbacks that you need to consider before you jump right in and make it your own. Some of these drawbacks will include:

# Since you are not tracking each of the individual expenses, it is easier to overspend and not have enough money at the end of the month. You still need to keep track of some expenses.

# You are forced to learn to live with 20% less money than before. This is not always a bad thing, but it is a challenge.

Finding enough space for you and a roommate can be a fun and efficient way to cut down on your bills and help you stay within a budget. With that in mind, you will want to take a look at some of our   2 bedroom apartments in San Francisco to see if they are right for your needs. We are confident that you will love the space and all of the great amenities that come along with spending some time in one of our units. Contact a member of our staff today to set up your tour and to learn more.