Budgeting doesn’t have to be complicated. The 50/30/20 rule is one of the easiest ways to manage your money without feeling restricted.
Here’s how it works:
- 50% Needs – Rent, groceries, utilities, transportation
- 30% Wants – Dining out, entertainment, travel
- 20% Savings – Emergency fund, investments, debt payoff
Why it works:
It gives you structure and flexibility. You still enjoy your life while building financial security.
Try this:
- Use a budgeting app to split your income into these three categories.
- Adjust monthly as your needs change.
Final Tip: Budgeting isn’t about being perfect—it’s about being aware. This method makes it easy to start and stay consistent.