Budgets

The 50 30 20 Budget

The 50 30 20 Budget

If you’ve looked up anything about personal finance in the last few years you’ve probably heard of the 50/30/20 Rule; and if you read my last post on responsible money management, you’ll know that 50/30/20 is a great general outline that you can use to budget your money. Today, we’re going to go a little bit deeper. Digging into what this ‘rule’ actually is, when to use it, when NOT to use it, and how to actually apply it in your own money plans.