1 Simple Budget Rule That Can Change Your Life in Just 3 Steps.

The 50/30/20 budget rule is a simple and effective way to manage your money.

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It divides your income into three categories: needs, wants, and savings.

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Needs are the essential expenses that you must pay each month, such as:

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– Housing – Food – Transportation

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Wants are the things that you don't need to survive, but that you enjoy spending money on, such as:

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– Dining out – Entertainment – Travel

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Savings is the money that you set aside for future goals, such as:

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– Retirement – Emergency fund – Down payment on a house

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The 50/30/20 budget rule is a simple and effective way to manage your money.

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