Budgeting

Mastering Finances with 50-30-20 Rule

The 50-30-20 rule, also known as the budgeting rule, divides your after-tax income into three distinct categories: essentials, lifestyle choices, and savings/investments. It has gained popularity by helping numerous people by providing a blueprint as a means to manage finances. 1. 50% for Essentials: The first pillar of the 50-30-20...