Managing Your Money Using The 50-30-20 Rule

In today’s video, to look into the 50-30-20 rule, and how you can use it manage your money. If you are broke or want to learn how to manage your money, you’re going to want to watch this video.

#FinancialWisdom #503020 #Rule

More Videos:

Practical Wisdom – Interesting Ideas

DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses.

[tramhuynh]

Great video with informative content. I can learn more manage finance and saving money through your tutorial. That's great

[Education-Edge]

Oh wow. I was creating a video on this as we speak. Hahaha. But yes, love that we are spreading great information that will help people with their finances!! ❤️🤙🏽

[silverlina]

Both your channel and Betterment Boss has really helped me with my finances. Thank you so much! Great Video. Love from the Caribbean

[anselmolinero]

really this content is very good I used your method and it worked

[theoclarke]

Thanks for this going to true it today

[Tma]

I would make my wants my twenty percent and my savings my thirty percent

[angelalicea]

I think that should be: needs, debts and saving. Paying housing is a need, but pay others things like personal loans and student loans can be in a separate category, because you can live with out pay those. You will have a bad credit history if you do so, but you won't die. Debts: personal loans, student loans, data plan and other monthly payments. Clothes and mechanic are not monthly payments so you can move that money to saving until it is necessary in that way you can earn interest if your saving account have some.

[aidan.mp]

For me since I'll be getting my first job soon I'm going to save 70% and have 30% to spend on stuff I like to do or want since I don't have to pay any bills yet but this sounds like a great way to save money in the future and I'm definitely going to use it

[riunikii]

Love your channel. Such great info. Thanks

[modernadulting]

The basic rule is to divide up after-tax income and allocate it to spend: 50% on needs, 30% on wants, and socking away 20% to savings. The ultimate lifetime money plan.

[quentinmenager]

Love the way you present this budget rule

[techfarm]

great video about 50-30-20 money rule"

[bensonrakitic]

Damn! daily income is way too important. Money is attracted to those who celebrate it. money follows value. the more value you provide the more m thy oney comes your way. whether someone becomes rich by teaching how to be rich or by learning. i celebrate every broker out there, thank you for adding value to customers.
Initially deposited $3, 500 to get a return of $10k, but i had access to only a 75% of my profit and the other 25% as commission for expertise.

[kiran]

Extraordinary video bro, you've should me the way to become rich

[olimabdanov]

very good tanks iam from uzbekiston

[kendethar]

Y'all making these 50/30/20 rules need to elaborate more in depth. How does one know he/she is going over or under on a budgeted want category (i.e. fast food)? If you are over/under on percentage for a need/want, you should adjust either your budget or spending habits. You should be setting up allotments (automatic transfers) in accordance with your budget. Debt payment/savings is more important than wants and should be 30% and wants should be 20%, because the more you tribulation when your young, the better off you'll be when your 40 or retiring. How do you track your money to stay within your budget? Are balancing checkbooks really an effective way? (It's not, because its not real-time for making spending decisions, and so much more.) Is a budget even feasible if your not going to track your money? What does tracking money or budgeting even mean if you don't have your money flow toward a financial goal over time? Do you have a purpose behind why you're using the 50/30/20 rule - do you have financial goals beside just knowing where your money is going? ... there's so much to finances that these videos don't really help on.

[raisufiyan]

I want to know how he edit his videos. Can anyone help me? Which software he is using ? And any website or tutorials where i can learn this kind editing ?

[future]

Besides home and car what needs include?

[chucalissa]

No!!! Here in the south avarage is 12 $- 15 $ and rent going up 1, 000.., you need to evaluate this video to people like US !!

[alibaltschun]

how about vehicle annually tax? is that on saving/dept ?