The 50-30-20 rule is a common way to allocate the spending categories in your personal or household budget. The rule targets 50% of your after-tax income toward necessities, 30% toward things you don’t need—but make life a little nicer—and the final 20% toward paying down debt and/or adding to your savings.
The 50-30-20 rule isn’t meant to be a budgetary precision law, but rather a general guideline to help get you thinking about how to allocate those paychecks.
How we help
We can help take the effort out of this for you by demonstrating how this would work for you and your family and providing you with one cohesive Holistic Lifestyle Financial Plan.