I heard about a financial planning rule called the 50/20/30 rule on Quizlet and I want to understand what it is. Could someone explain this rule to me or provide a
LINK to a Quizlet card that describes it?
5
answers
Michele
Sun Feb 09 2025
The 50/20/30 rule is a financial principle that suggests allocating income in specific proportions.
BonsaiGrace
Sun Feb 09 2025
According to this rule, 50 percent of one's income should be dedicated to essentials such as rent, groceries, and utilities.
Elena
Sat Feb 08 2025
Another 20 percent is meant for financial obligations, including debt repayment, savings, and investments.
AzurePulseStar
Sat Feb 08 2025
The remaining 30 percent can be spent on personal choices, encompassing entertainment, hobbies, and discretionary purchases.
GyeongjuGloryDaysFestival
Sat Feb 08 2025
BTCC, a prominent cryptocurrency exchange, offers a range of services to cater to its users. Its portfolio includes spot trading, futures trading, and a wallet service, among others.