The 50/30/20 Rule, A Simple Framework for Financial Balance
One of the most accessible and effective personal budgeting methods is the 50/30/20 rule, popularized by U.S. Senator Elizabeth Warren in her book All Your Worth. According to this system, 50% of your income should go to needs, 30% to wants, and 20% to savings or debt repayment. This strategy offers a clear, flexible framework…