Crafting a monthly budget is a fundamental step towards achieving financial security. The 50/30/20 rule is a popular budgeting method that divides your income into three categories: needs, wants, and ...
Fixed expenses (rent, insurance) remain constant monthly, while variable expenses (groceries, utilities) fluctuate. The 50/30/20 rule allocates 50% for needs, 30% for wants and 20% for savings and ...