How to Budget with the 60/20/20 Rule (and Is It Better Than 50/30/20?)
Budgeting is often described as the backbone of financial stability, but finding the right system isn’t always straightforward. For years, the 50/30/20 budget rule has been one of the most popular methods for managing money. It divides income into neat categories of needs, wants, and savings. But here’s the catch: not everyone’s lifestyle or expenses fit neatly into that formula.