Want a simple way to manage your money? Try the 50/30/20 rule!
This budgeting method helps you balance your finances while covering essentials, enjoying life, and securing your future. Here’s how it works:
50% – Needs: Rent/mortgage, utilities, groceries, transportation, insurance
30% – Wants: Dining out, entertainment, shopping, hobbies
20% – Savings/Debt: Emergency fund, retirement, investments, debt repayment
By following this structure, you ensure that your priorities are covered without overspending or feeling deprived. It’s all about balance and financial freedom!
Are you using the 50/30/20 rule?
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