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What is the 50-30-20 Rule?
This rule splits our spending into 3 sections!
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50-30-20 Rule
About half of your budget should go toward needs
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Needs: 50%
30% goes to the entertainment perspective such as OTT subscription!
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Wants: 30%
– The 20% should go to the future aspects such as emergency funds!
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Savings: 20%
In conclusion, this rule helps in organizing your budget in a more efficient way!
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What is the 50-30-20 Rule?
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