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The 50/30/20 budget rule makes budgeting simple, and puts you back in control of your finances. Making a budget can be easy as pie. Slice up your money with the 50/30/20 rule
The 50/30/20 rule is a simple budgeting strategy that can eliminate the need to create a detailed budget with precise spending amounts and a dozen or more line items. It also provides a framework ...
Frequently asked questions: The 50/30/20 rule and budgeting strategies. Learn more about this budgeting strategy and managing your money before integrating the 50/20/30 rule into your finances.
50/30/20 budget [ edit ] The 50/30/20 budget is a simple plan that sorts personal expenses into three categories: "needs" ( basic necessities ), "wants", and savings . 50% of one's net income then goes towards needs, 30% towards wants, and 20% towards savings.
The 50/30/20 rule, or balanced money formula, requires you to spend 50% of your income on needs, 30% on wants, and 20% on savings. ... How to create a budget using the 50/30/20 rule.
The budget breaks your money up into three simple chunks: needs, wants and debt and savings. Sounds simple, right?