How To Reach Your Financial Goals - Deepstash
How To Reach Your Financial Goals

How To Reach Your Financial Goals

The beauty of the 50/30/20 rule is its adaptability.

We all have different financial goals. Some people wish to find a way to save some money. Others might want to invest more. For some, paying up their debts is their highest priority.

No matter your financial goals, you can use the 50/30/20 rule to reach them. Let’s see some examples.

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cosminangheluta

Passionate about self-improvement, personal growth, finance, and creativity. I love to inspire people to become the better version of themselves. Author @ www.cosmopolitanmindset.com

Stop Wasting Money: Master the 50/30/20 Budget Rule for Financial Freedom – Simple Steps to Take Control of Your Finances, Save More, and Achieve Your Long-Term Goals

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The 50-20-30 rule

The 50-20-30 rule

It is a budget rule to help people reach their financial goals. It states that:

  • You should spend up to 50% of your after-tax income on needs and obligations that you must-have or must-do.
  • The remaining half should be split up between 20% savings and debt repayment and 30% to ev...

Financial Personalities

There are five different types of financial personalities, each of them having their own set of values and outlook towards money:

  • The Big Spenders: The ones who place a high value in their possessions, and identify their worth with the things they can buy, at any cost.

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