Apr 22, 2020
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This 50/20/30 method divides your income into three broad categories — essential…

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This 50/20/30 approach divides your income into three broad lessons — requirements, goals and personal spending — however it absolutely’s as a lot as you to resolve the best approach to break it down from there. When you want to put a bit of additional in your journey fund, then it is best to place moderately much less in the direction of consuming out, as these fall beneath personal spending. These strikes shouldn’t intrude collectively together with your monetary financial savings goal, though, on account of that’s a separate class. Have you ever ever ever tried this budgeting mannequin sooner than?

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Comments to This 50/20/30 method divides your income into three broad categories — essential…

  • @thepennyhoarder could I get the link please?

    jlminthe207 April 22, 2020 10:47 pm Reply
  • @olwyngallagher loving this simple breakdown for beginning budgeting

    lynsiescharpf April 22, 2020 10:47 pm Reply
  • Someone should turn this into an app!

    luuls_music April 22, 2020 10:47 pm Reply
  • I managed to get my expenses down to 56% ish. Any recommendations on how to make it lower?

    whyaliceofcourse April 22, 2020 10:47 pm Reply
  • @natalylovie

    carlosvilla_05 April 22, 2020 10:47 pm Reply
  • Idk what to do about my car payment. I can afford it, it’s just so darn high. Making it hard to move out on my own if I ever want too.

    ayobrezzy April 22, 2020 10:47 pm Reply
  • HECK NO!!!! The 20% and 30% priorities should definitely be switched up

    dajuancofield April 22, 2020 10:47 pm Reply
  • Great post👏👏

    comtechfirecu April 22, 2020 10:47 pm Reply
  • 20%or more for savings!

    aprilngalot April 22, 2020 10:47 pm Reply
  • I’m just curious do you live by this rule yourself and if so when you started did you do this cold turkey

    xav.ramos21 April 22, 2020 10:47 pm Reply
  • This is a great rule 👌 everyone should follow it

    makemorecapital April 22, 2020 10:47 pm Reply
  • Great way of displaying budgets 👍🏼

    elsieli_ April 22, 2020 10:47 pm Reply
  • Reverse that 30/20 and you it yourself a plan !!

    lux_entrepreneurs April 22, 2020 10:47 pm Reply
  • This is a good visual illustration to put your categories. Everyone is on a different journey so percentage would change on a case by case ❤️

    financialgpa April 22, 2020 10:47 pm Reply
  • @bublove_yf125 @triplebs_01

    miri_06 April 22, 2020 10:47 pm Reply
  • @must_b_vonne

    beautiful_krash504 April 22, 2020 10:47 pm Reply
  • Can you send the link that is talked about?

    jackienjoyslife April 22, 2020 10:47 pm Reply
  • Love how simple this makes it!

    mommafitlyndsey April 22, 2020 10:47 pm Reply
  • How do I do this?

    ekmolna April 22, 2020 10:47 pm Reply
  • Wow I love all the different great ideas people have to try and keep you on track! Hope we can all find what works to get that financially freedom

    20eightyofficial April 22, 2020 10:47 pm Reply
  • 👏❤️ great idea!

    themillennialinvestor01 April 22, 2020 10:47 pm Reply
  • Definitely one of the easier ways to budget

    financialdemics April 22, 2020 10:47 pm Reply

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