Learn How EASY the 50/30/20 Budget Really Is!

Most people aren’t quite sure what the 50/30/20 budget actually is, but with our guide you’ll understand the basics and how to properly use it. Implemented to help streamline how you think about conceptualizing your budget, it is broken into 3 categories: needs, wants and savings. Most of your budget (50%) should be going towards food, rent, and other ESSENTIALS that you can’t live without. The next portion will be your wants (30%) or what you can afford to spend on luxury items or items that aren’t necessary. Finally, and almost as importantly, are your savings (20%). With whatever left you may have, be sure to put enough into your savings to build up a healthy emergency fund.

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