Category: Budgeting

budgeting 50 30 20 rule

THE 50/30/20 BUDGETING RULE: HOW IT WORKS WITH EXAMPLES

Written on January 3, 2023 in Budgeting

The 50/30/20 budgeting rule is a simple and effective way to manage your personal finances. It involves dividing your after-tax income into three categories: 50% for needs, 30% for wants, and 20% for savings and debt repayment. Where did the 50/30/20 budgeting rule come from? The 50/30/20 budgeting rule was popularized by Elizabeth Warren, a…

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