Bucket Budgeting: An Easy Way to Manage Cash Flow

If you’re looking for a place to start better managing your finances, give this simple 'bucket budgeting' method a try.

Three budgeting buckets lined up, two filled with coins and one with cash.
(Image credit: Getty Images)

Like dieting or exercise, budgeting requires consistency to produce results. But budgeting can be difficult to make into a habit, as it can feel strict and difficult. This is a problem I run into all the time with clients, and it’s not uncommon to see people spend beyond their means as a result.

Because of this, a budget should be simple and easy to follow, while also giving you enough freedom to live your life. After all, budgets are meant to give you control over your money, not take it away.

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The information provided here is not investment, tax or financial advice. You should consult with a licensed professional for advice concerning your specific situation.

Chad Rixse
Director of Financial Planning | Wealth Advisor | Chief Compliance Officer

Chad Rixse, CRPS®, is the Director of Financial Planning and a Wealth Advisor at Forefront, a privately-owned financial services firm.