What is the 50/30/20 Rule?

What is the 50/30/20 Rule? A Simple Budgeting Guide and Strategies

Prepare Financial Literacy

Do you ever feel like your finances are out of control? If so, you’re not alone in trying to live without unnecessary expenses. Many people struggle with managing their income effectively. But there’s a simple solution that can help: the 50/30/20 rule. This budgeting framework divides your income into three