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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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"There's no money in poetry, but then there's no poetry in money, either." ~ Robert Graves
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