Questions tagged [50 30 20 rule]

CryptoVeteran Thu Feb 13 2025 | 6 answers 1296

I've heard about the 50 30 20 rule for budgeting, where 50% of income goes to needs, 30% to wants, and 20% to savings or debt repayment. I'm wondering if this is really the best budgeting method.

CryptoTitan Thu Feb 13 2025 | 7 answers 1526

The 50 30 20 rule might not work when an individual's financial situation is complex or unique, such as having significant debt, high fixed expenses, or irregular income, which can disrupt the standard allocation of 50% for needs, 30% for wants, and 20% for savings.

SapphireRider Wed Feb 12 2025 | 7 answers 1149

I heard about a budgeting method called the 50 30 20 rule, but I'm not sure what it exactly means. Could someone explain this budgeting technique to me, especially how to allocate my income using this 50 30 20 formula?

CryptoMagician Wed Feb 12 2025 | 5 answers 1457

I'm trying to understand the 50 30 20 rule of budgeting. Specifically, I want to know what the guidelines recommend for allocating my income under this rule.

CryptoQueen Tue Feb 11 2025 | 6 answers 1110

I've heard about the 50 30 20 rule in financial management, but I'm not sure how it applies specifically in the Philippines. Can someone explain this rule and how it works in the Filipino context?