Do your New Year's resolutions for 2016 include crafting a workable budget that you'll actually want to stick to? Are you stumped about how to make it happen? One answer is an approach that financial advisor Manisha Thakor, director of wealth strategies for women at Buckingham and The BAM Alliance, calls "joy-based budgeting."
First, estimate your household income — after taxes — for the year ahead. Then, apply what Thakor refers to as the "50/30/20 rule" to that amount.