Budget strategy | Community
Skip to main content
October 16, 2015
Solved

Budget strategy

  • October 16, 2015
  • 3 replies
  • 2569 views

I have a ROI goal and a fixed budget. What budget strategy should I be using? (I see separate for ROI and Daily budget) 

This post is no longer active and is closed to new replies. Need help? Start a new post to ask your question.
Best answer by gbhat

The short answer to your question is that you can use either of the budget strategies (ROI or Daily) and not lose sight of your other objective. 

If you use the Daily budget, you can continue to monitor your ROI by running reports and/or looking at Simulations. The Simulations will recommend a budget based on your ROI.

If you use the ROI strategy, you can set up a min and max daily budget within which you want to hit your ROI target.  

If it helps, the most popular budget strategy is the Daily budget. 

3 replies

gbhatAdobe EmployeeAccepted solution
Adobe Employee
October 16, 2015

The short answer to your question is that you can use either of the budget strategies (ROI or Daily) and not lose sight of your other objective. 

If you use the Daily budget, you can continue to monitor your ROI by running reports and/or looking at Simulations. The Simulations will recommend a budget based on your ROI.

If you use the ROI strategy, you can set up a min and max daily budget within which you want to hit your ROI target.  

If it helps, the most popular budget strategy is the Daily budget. 

Ferry_Rinaldi
October 16, 2015
madhatdesigner
October 16, 2015

Daily Budgeting is appropriate from my guess for you. but it is true it differs from person to person & Strategy to strategy.

I personally like  automation strategy from Ramit Sethi. I had separate accounts for bills, savings, and spending, and my direct deposit got automatically split between those accounts. As soon as I went away from that method to trying to keep track of everything in a single account (when I moved to Simple bank), my finances tanked.