What is the 50/30/20 rule?

What is the 503020 rule

The 50/30/20 rule is a simple budgeting method that can help you to reach your financial goals. It divides your after-tax income into three categories: Needs are expenses that you must pay in order to live, such as housing, food, transportation, and utilities. Wants are expenses that are not essential, but that you enjoy, such … Read more