50/30/20 RULE - Deepstash
50/30/20 RULE

50/30/20 RULE

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50/30/20 RULE

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The 50/30/20 rule is a simple way to allocate your money and use it wisely. Following this rule can be helpful for someone who is just starting to learn how to manage their money. 

  • Research shows that 66% of Americans do not set a budget for themselves, but setting a budget is important for long-term financial health
  • According to the 50/30/20 rule, you should divide your money into three categories upon receiving a paycheck: Your essential NEEDS, WANTS and SAVINGS & INVESTMENTS.

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  • Housing 
  • Food 
  • Transportation 
  • Medical 
  • Expenses 
  • Essential Debt

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  • Restaurants 
  • Entertainment 
  • Vacations 
  • Luxury Items
  • Electronics 
  • Concerts

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202 reads

  • Emergency Fund 
  • RRSPs / 401K
  • Stocks/ETF 
  • Rental Property 
  • Bonds/Mutual 
  • FUNDS

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