The different types of budgeting include basic needs, which is made of 50 percent of a total budget, wants, which should be 30 percent of a budget, and retiring, debt or savings, which consists of 20 percent of the budget. Understand the various types of budgets with information from an insurance and financial planner in this free video on personal finance.
Expert: William Rae
Bio: William Rae has been licensed in the insurance and financial fields for more than 30 years.
Filmmaker: Christopher Rokosz
Duration : 0:2:26