Mastering Your Finances: The 50/30/20 Budget Rule for $20/hour Income
Views: 0Understanding the 50/30/20 Budget Rule The 50/30/20 budget rule is a simple yet effective framework for personal finance management. This budgeting methodology divides after-tax income into three primary categories: 50% for needs, 30% for wants, and 20% for savings or debt repayment. By adhering to these guidelines, individuals can gain better control over their…