50/30/20 RULE: A SIMPLE BUDGETING TECHNIQUE

FINANCIAL FREEDOM COUNTDOWN Learn more

If we can write out a realistic budget and stick to it, we might find ways to cut back and have additional money each month.

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Budgeting is an excellent way to see exactly where our paycheck goes each month.

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It is a simple budgeting framework that divides into three major categories; 50% for essentials, 20% for savings and debt payments, and 30% for everything else

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Where Did the 50/30/20 Rule Come From?

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Why Is a 50/30/20 Budget Necessary?

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A budget keeps you from spending money you don’t have. If a budget is strictly followed, no one should have to spend cash they don’t have.

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50/30/20 RULE: A SIMPLE BUDGETING TECHNIQUE

If we can write out a realistic budget and stick to it, we might find ways to cut back and have additional money each month.

Budgeting is an excellent way to see exactly where our paycheck goes each month.

It is a simple budgeting framework that divides into three major categories; 50% for essentials, 20% for savings and debt payments, and 30% for everything else

What Is the 50/30/20 Rule?

Where Did the 50/30/20 Rule Come From?

The 50/30/20 budgeting rule was popularized by Senator Elizabeth Warren when she was a law professor at Harvard.

Why Is a 50/30/20 Budget Necessary?

A budget keeps you from spending money you don’t have. If a budget is strictly followed, no one should have to spend cash they don’t have.

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