Budget for Multiple Financial Goals With the 50/15/5 Rule - Deepstash
Budget for Multiple Financial Goals With the 50/15/5 Rule

Budget for Multiple Financial Goals With the 50/15/5 Rule

Curated from: twocents.lifehacker.com

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The 50/15/5 rule for multiple financial goals

The 50/15/5 rule for multiple financial goals

  • 50% of your income goes toward essential expenses: rent, bills, minimum debt payments.
  • 15% percent goes to retirement savings. They also suggest you increase this by 1% each year.
  • 5% goes toward unexpected monthly expenses or building an emergency fund.

What you do with the rest of the money it’s up to you.

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