I heard about a concept called the 60 20 20 rule, but I'm not sure what it means. Can someone explain the basics of this rule to me, including what each of the numbers represents and how it can be applied in different contexts?
7
answers
Elena
Tue Feb 11 2025
One effective strategy is to allocate your income based on percentages.
TaegeukChampionCourageousHeartWarrior
Tue Feb 11 2025
The 60/20/20 rule is a popular method for handling finances.
Daniele
Tue Feb 11 2025
According to this rule, 60% of your income should be dedicated to your needs.
isabella_taylor_activist
Tue Feb 11 2025
This category includes essential expenses and debts that you need to pay off.
KpopStarletShineBrightness
Tue Feb 11 2025
Managing debts efficiently requires careful planning and budget adjustments.