Every financially literate guy or gal has a rainy day fund. What is the minimum you should save from your paycheck each month?

Experts suggest that a great starting point for savings is at least 10% of your paycheck. However, if you really want to go at it the right way, a general rule of thumb goes by the 50/30/20 principle, where you save 20%, use 50% for expenses, and have 30% left over for discretionary spending.

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