50/30/20 Budgeting Rule Calculator & Guide
Table of Contents Key Takeaways The 50/30/20 budget rule divides your after-tax income into three categories: 50% for needs, 30% for wants, and 20% for savings. Needs include essentials like rent, groceries, and utilities, while wants cover non-essentials like dining out and entertainment. Savings should be allocated for both short-term and long-term goals, including emergency … Read more