What is the 50-30-20 budget rule and how does it work?
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  • Parts 1
  • Time <5 mins
  • Reads 2
  • Votes 0
  • Parts 1
  • Time <5 mins
Ongoing, First published Nov 22, 2022
The 50-30-20 rule is a simple rule that helps in creating a mindset for savings as well as ensures that there is money to enjoy life as well. This rule is basically planned to help individuals manage their after-tax income, mainly to have funds on hand for emergencies and savings for retirement.
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