The 50/30/20 rule splits your after-tax income into three buckets:
50% Needs: Rent, utilities, groceries, insurance, minimum debt payments.
30% Wants: Dining out, shopping, entertainment, subscriptions.
20% Savings: Emergency fund, retirement, investments, extra debt payments.
For example, on $4,000/month: $2,000 needs, $1,200 wants, $800 savings.
Full guide with examples: 50/30/20 Budget Rule Guide
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