50/30/20 Budget Rule: Does It Actually Work or Is It Just Theory?
The 50/30/20 rule states how you should allocate your after-tax income – 50% for needs, 30% for discretionary spending, and 20% for savings. Of course, this rule is super simple, so financial advisors and amateur Reddit users tout this rule as gospel. I gave this rule a fair shot for 6 months and, while I … Read more