Mastering Your Finances: The 50/30/20 Rule for Budgeting Success
Introduction The 50/30/20 rule is a financial guideline that helps individuals manage their money effectively by allocating their income into three distinct categories: 50% for needs, 30% for wants, and 20% for savings and debt repayment. This rule provides a simple and practical framework for budgeting and financial planning, helping people achieve financial stability and …
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