I've heard about the 50 20 30 rule, but I'm not sure how it works in practice. Could someone provide me with a real-life example of this rule? I want to understand how to apply it.
7
answers
KatanaSharp
Mon Feb 10 2025
The remaining 20% is set aside for savings.
KimonoElegance
Mon Feb 10 2025
The 50-30-20 rule is a popular financial guideline.
GinsengGlory
Mon Feb 10 2025
These needs may include rent, groceries, utilities, and other basic expenses.
CryptoLodestarGuard
Mon Feb 10 2025
The next 30% of your income is allocated toward wants.
Maria
Sun Feb 09 2025
Within the savings category, it's important to consider your future aspirations.