Budgeting doesn’t have to be complicated.
The 50/30/20 rule is a simple guideline.
50% — Needs
Housing
Utilities
Groceries
Insurance
Transportation
30% — Wants
Dining out
Entertainment
Travel
Subscriptions
20% — Savings & Debt Repayment
Emergency fund
Investments
Extra debt payments
Why It Works
It creates balance between:
Living today
Preparing for tomorrow
Adjust percentages based on your income and goals.
Disclaimer: This article is for informational purposes only.