The 50/30/20 Budget
A simple framework that scales with any income.
Budgeting is telling your money where to go before it disappears. The 50/30/20 rule splits income into:
- 50% needs — rent, utilities, groceries, transit
- 30% wants — dining out, entertainment, hobbies
- 20% future — savings, investing, debt payoff
The magic is in the 20%. Automate it on payday so it leaves your checking account before you can spend it.