50-30-20 Money Rule: Mastering the Budget (A step by step Guide)
Looking to save money but have no idea how to begin? The easiest rule you can follow is the 50-30-20 rule.
It helps you divide your money into needs, wants and savings.
The rule is simple, easy to understand, and is highly intuitive. Plus, it can be applied to almost all scales of financial income.
Many people have found an easy way out to reach their dreams by following this simple money allotment rule.
Prerequisite The law applies to your after-tax income (or in other words, the in-hand income)
To Know the 50-30-20 Money Rule in Detail