What is the 70/20/10 budget rule?

The 70/20/10 budget rule is a money management strategy you can use to dictate where you want your income to go. It involves separating your take-home pay into three buckets and dividing each into the following percentages: Seventy percent for monthly bills and daily spending.

What is the 70-20-10 rule?

The 70-20-10 rule is a way to allocate your monthly income into three categories: • Investing and donations. Using these categories can help organize the way you think about your income — how it comes in, and importantly, how it goes out. It’s a simple and often very successful way to get a personal budget in place.

What is the 70/20/10 rule?

The 70/20/10 rule is a guideline that balances spending, saving, and debt repayment. It's a simple method to get started managing money but should be adjusted to fit your needs. One of the limitations of the 70/20/10 rule is that it doesn't separate essential and nonessential expenses. Budgeting is a great way to gain control over your income.