The 50/30/20 Rule

[markusd]

50/30/20 sucks once you start making more. Breaking up needs and reducing wants and increasing savings is a must either way.

[orangeslime]

"Your friend wants to go out to eat, but you're tight on cash. Here's what you do" Make the friend pay for the food

[Redefects]

Note: the 50/30/20 budgeting doesn’t work very well if you goal is to make a big purchase ( house, car, etc ) if you aren’t making enough income. It is good for middle class people. anyone lower it just isn’t enough savings.

[_Mikaaaa]

If you don't wanna repeat the video:
50%- NEEDS
30%- WANTS
20%-SAVINGS

[TrainfanJanathan]

50 20 30 rule: Exists
Rent: Half a paycheck
Bills: The other half

"Put 100% of your income towards needs, 0% towards wants and 0% towards savings."

[witherdartyousef]

Quick note if you live with your parents and you don't pay for food or rent then increase the savings percent up to 60 percent of your allowance or salary beleve me it'll help u alot once you stop living with them of if you started a project or if you neede funding for something in the future

[gamingghostxd]

UK savings strategy: 0% wants, 0% savings, 110% needs

[angrytigerplayz]

That is the most sneakiest advertisement.

[Justa_Guy_YT]

See since I don’t have any bills yet I put 70% of my income towards savings and the rest towards an account for buying. It’s been working for me so far.

[jeffreyjeffrey]

This is one of my favorite of your videos! Thank you, I am trying to get into the best college in my state! Wish me luck!

[gaghhuh]

My whole life was pretty much 90% for needs and like 8% for savings and 2% for wants. The fact someone spends that much of their income on eating out and things they just want etc kinda scares me

[JenovaDreamweaver]

I’m so glad I took a personal finance class in school

[rachelannesley]

Ngl, I’ve been doing the 50/40/10 rule.
50% savings w/emergency fund,
40% Needs like food, bills, gas, etc.
10% Anything my heart desires, including if I want to save up for a big trip, don’t take it from savings take it from this category

[brynndle]

Growing up, I had a money log that my mom made for me. It went like this: 70% savings, 20% spending, 10% tithe. I wasn’t a huge fan of it when I was little… But when I got my driver’s license, it was worth it cause I had enough money to buy a car! Thats thousands $$$$ I saved as a kid!

[mrddfxx]

You do not know how much this helped me thank you

[silasnebulous]

That is, if you have enough money to put just 50% into savings or maybe you have too much money and have more left over.

[eshaansarkar]

I have finished a semester in College and the second one will soon come to an end and the thing is that I haven't bought a single textbook but downloaded PDFs for free for every book from online.

[dylanthepickleseller]

As a New Yorker, I can definitely use this.

[tgagaming]

1. Eat banana every day
2. No aircon and fans
3. 100 push ups
4. 100 squats
5. 100 sit ups
6. 10 kilometers run

Every singe day

[EllDavis]

This is the kind of general education you should be taught by your parents and/or school.
Unfortunately, my parents never taught me on how to spend my money carefully, nor did the school had any plans on preparing students for life. 😥
Both parents and school taught me to function "get it together and go to work, even when you're sick" 🤦‍♂