50/30/20 Rule of Budgeting | Where to Put Your Paycheck

In this video, I'll discuss the 50/30/20 Rule of Budgeting.

★ Recommended personal finance books

★ Music
Joakim Karud - Canals (Original Mix)
Creative Commons — Attribution 3.0 Unported — CC BY 3.0

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★ Disclosure: I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. Some of the links presented in this description are affiliate links, meaning that I may receive a small commission for any profits resulting from the links.

[tyhuey]

When'd you discover FIRE? I think I've been reading since 2016. Does it feel weird suggesting to people to 'only' save 20%? :D

[FrankMularcik]

20% is a great point to start at for most people but I think 30-50% saving/investing rate is a hell of a lot better, but its all about personal goals. Great video!

[YasminDan]

Love this!! so helpeful! new to your channel xx

[unorthodoxsavings]

You only get more expenses as you get older so if you’re young start investing now ! Great video !

[ReneaDominique]

Thank you for this video, it's very informative! Since I started going after the life of an entrepreneur at the beginning of 2020, I've made huge adjustments on the percentage of my paychecks going to non-essentials. I don't buy coffee out anymore, always make food at home, and am overall practicing minimalism in my daily life. I've been saving so much money and I feel like since I'm in a pretty comfortable financial place from intentionally spending less, I've been more open to invest more of my paycheck into my business and my future (I've been doing a little over 30% on average). Wonderful video and congrats on 1k, it's well deserved! 🤍

[southerncharlesfamily]

The hard part about budgeting rules is that it always depends on the situation. Great video and guidelines!

[SPrincessbeneficialknowledge]

I love this. You spoke very well. 🥰Breaking down into categories
Essentials, non essentials, and saving and investing. Excellent video. Keep it up.

[Real.Estate.Report]

That non essential bucket is important! Too many people try to push saving all of your extra income. Like you said, reduce spending but still treat yourself and have work-life balance

[DemetriPanici]

This rule is everything! I definitely know that it's important to divvy up your budget properly if you want to achieve financial independence!

[MAKEMONEYMARK]

I heard about this 50 30 20 rule a while back but you explain it so well. Thanks Enjoyed watching. Keep up the good work 👍🙌

[lukas-vastgoedinvesterings]

And this is how everyone should get started with budgeting! be disciplined and get to it! thanks for the share!

[TheAdultLife]

I love this budget, and definitely agree with tweaking the percentages to fit your lifestyle/savings goals. Mine is about 45/20/35 because i'm trying to up my savings right now, but i've done a budget breakdown on my channel and have never found anyone who could get below 40% on essentials so that's my next goal. Great video!

[SabrinaBudgets]

Great information. Cooking at home is amazing. It’s saving me so much

[TJEskew]

Great video, Courtney! Thanks for sharing. 💯

[mr.dividend.investor]

Great job with the video. This rule is awesome.

[RichardWalls]

Good split! Although I tend to save/invest quite a bit more - pretty frugal elsewhere. 😀

[emilyjoansmith]

You explain this so simply and easy to understand! Thank you for sharing you value! Here to watch some more!

[TrishLee]

This is so useful! Thanks for this video, really helpful! :)

[DamienTalksMoney]

You present so well! And your accent and pacing is just captivating... so much better than my northern British ramblings haha. I think something like the 50/30/20 rule provides a great structure for people and I like your suggestion of if you want to increase the investment side, work on side hustles.

Subbed.

[quinnlarson]

LOve the idea of splitting up the paycheck and paying yourself first. Great video! Investing is such an important factor of any budget but so many people forget about it!