What is the 50-30-20 budgeting rule and how to calculate it? (2024 Update)
Saving money can be a slog. Often we can start off with good intentions of saving an arbitrary £1,000 a month before life gets in the way and it gets downgraded to £500 and then £100 and then nothing. If this happens to you more than you’d like, you need to know about the 50 30 20 rule. With this system, saving money becomes easier and more realistic as you are actively encouraged to have fun with 30% of your money.
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