Explore the World's Best Ideas
Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.
NEEDS 50%
- Housing
- Food
- Transportation
- Medical
- Expenses
- Essential Debt
70
273 reads
MORE IDEAS ON THIS
50/30/20
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 set...
83
500 reads
SAVINGS & INVESTMENTS 20%
- Emergency Fund
- RRSPs / 401K
- Stocks/ETF
- Rental Property
- Bonds/Mutual
- FUNDS
69
231 reads
CURATED FROM
IDEAS CURATED BY
My Goal: $1Million Dollars 💰 💰 💰 1 Million reads/views 👀 👁 👀 1 Million followers 🔥 🔥 🔥
Other curated ideas on this topic:
The 50/30/20 Rule
It breaks down your budget categories into three broad segments:
- 50%: Essential Expenses like housing, automobile expenses, groceries, insurance, utilities, etc.
- 30%: Discretionary Expenses (Non-essential) like Dining out, entertainment, drinks, etc.
Allocating expenses
The most common buckets are:
- Expenses, or your needs: housing, food, transportation, clothing, insurance, childcare, etc.
- Debt - monthly debt obligations: personal loan, student loan, auto loan, and credit card payments etc.
- Savings, including fund...
Cut back on your expenses
Cut back on your three biggest expenses.
- Housing: The easiest way to do this is by house hacking, where you rent or buy a 2 or 3 bedroom apartment and rent out the extra rooms to offset or make money on your rent or mortgage.
- Transportation:...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates