Cryptocurrency Q&A
What is the correct percentage breakdown for the 50 30 20 rule?
What is the correct percentage breakdown for the 50 30 20 rule?
Ilaria
Sat Feb 08 2025
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6
answers
1212
I'm trying to understand the 50 30 20 rule. Could someone please explain the correct percentage breakdown for this rule? I want to make sure I'm allocating my budget properly.
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6 answers
henry_harrison_philosopher
Mon Feb 10 2025
The second category, comprising 30% of your income, is for your wants or discretionary spending.
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EnchantedSoul
Mon Feb 10 2025
The 50/30/20 rule stands as one of the widely adopted percentage-based budgeting techniques.
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Lorenzo
Mon Feb 10 2025
This method entails allocating your income into three distinct categories.
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Chiara
Mon Feb 10 2025
The first category, which accounts for 50% of your income, is dedicated to your needs.
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Alessandra
Mon Feb 10 2025
Necessities such as rent, groceries, utilities, and insurance fall under this section.
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