The 50/30/20 Budgeting Rule Explained

The 50/30/20 Budgeting Rule Explained

You may or may not have heard of the 50/30/20 budgeting rule, but it’s a good one – one that will help make organizing your finances a lot simpler. The basic idea is to divide up your after-tax income and allocate it to spend this way: 50 percent on your needs, 30...