The "50/30/20 budget rule" advises that after-tax income should be divided and allocated as follows: 50% on _____, 30% on _____, and 20% on _____.
Answer Needs, Wants, Savings
The "50/30/20 budget rule" is regarded as a simple tool for budgeting that doesn't involve detailed categories. Essentially, after-tax income is divided and allocated for spending as follows: 50% on needs, 30% on wants, and 20% on savings.
Asked by Rachel Bortles · Last updated 5 years ago · 832 views · SOURCE
