What is the 50/30/20 Rule: A Simple Guide to Budgeting Your Finances
The 50/30/20 rule is a straightforward budgeting guideline that helps individuals allocate their income effectively. According to this rule, 50% of income should go to needs, 30% to wants, and 20% to savings and debt repayment. This method simplifies financial planning, making it accessible for anyone looking to take control of their finances. Many people […]
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