What you NEED to know about budgeting...

Budgeting is one of the essential skills to develop as you begin to navigate the world with money in your pocket. Knowing how to split up your money after taxes can help you visualize how much you are spending on each thing, and where you can cut out some of your expenses. By following the 50/30/20 rule, you can begin to set aside money for a rainy day while also enjoying life without missing payments. As always remember this isn't financial advice!⚡️ #finance #school #college #tips #education

[booradley]

Debt needs to be in the 50% otherwise people will be spending 20% on debt and 0% on savings

[SaFa-ubgf]

60% goes for home loan.. Then 20% for petrol... Bal 20% any solution for that

[parsnipproductions]

Flip 30 and 20 or save as much as you possibly can and get a down payment for a rental property

[battleclover]

Bad advice. 50% should not go to *rent. Mortgage maybe. If you are renting, you want to be at 35% with the extra 15% going towards savings with the goal of making a down payment towards a home in the future.

[melkrollwz]

Or you can be a man and gamble your life savings at the casino every weekend