Cryptocurrency Q&A
What is the 60 20 20 rule in finance?
What is the 60 20 20 rule in finance?
Raffaele
Wed Feb 12 2025
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7
answers
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The 60 20 20 rule in finance refers to a budgeting strategy where 60% of income is allocated to essential expenses, 20% to savings or debt repayment, and the remaining 20% to non-essential expenses or wants. This rule aims to provide a balanced approach to managing finances.
7 answers
JessicaMiller
Fri Feb 14 2025
Allocate 60 percent of your income to cover your essential needs.
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EchoWave
Thu Feb 13 2025
Dedicate another 20 percent of your income to savings.
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CryptoAce
Thu Feb 13 2025
Savings are crucial for financial security and future investments.
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ethan_thompson_journalist
Thu Feb 13 2025
This percentage should also account for any debts you may have.
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SejongWisdom
Thu Feb 13 2025
Once you have successfully paid off your debts, consider adjusting your budget.
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