Cryptocurrency Q&A
What does the 50/30/20 rule of thumb mean in regards to finance banking?
What does the 50/30/20 rule of thumb mean in regards to finance banking?
Carlo
Wed Feb 12 2025
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6
answers
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I've heard about the 50/30/20 rule in finance and banking, but I'm not sure what it exactly means. Could someone explain this concept to me?
6 answers
AmethystEcho
Fri Feb 14 2025
These needs may include basic necessities such as housing, food, utilities, and transportation.
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Emanuele
Fri Feb 14 2025
The rule suggests a specific distribution for one's after-tax income.
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Martino
Fri Feb 14 2025
According to this guideline, fifty percent of one's earnings should be allocated to essential needs.
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SsangyongSpirited
Thu Feb 13 2025
Thirty percent of the after-tax income is recommended for wants or discretionary spending.
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Michele
Thu Feb 13 2025
This category encompasses items and experiences that are not strictly necessary but bring joy or convenience, like entertainment, hobbies, and vacations.
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