Repost from @investing_adventure β’ πThe 50/30/20 Budgeting Rule - save for reference πβ£β£β£ β£β£β£β£β£β£β£β£β£β£β£β£β£β£β£β£β£β£β£β£β£ β£β£β£The 50/30/20 rule is budgeting for those who donβt like to budget. It works because itβs easy and straightforward β no spreadsheets or complex budgeting tools.β£β£β£ β£β£β£ π @investing_adventure πΈβ£β£β£ β£β£β£ It should take only an hour to complete and can easily save you hundreds or even thousands of dollars a year.β£β£β£ β£β£β£ Itβs going to help you get on track to achieve your top financial goals like getting out of debt and accelerating your saving and investing.β£β£β£ β£β£β£ It's simple. Allocate 50% of your after-tax income for needs, 30% for wants, and 20% for goals like debt, savings, and investing. 50, 30, 20. Thatβs it!β£β£β£ β£β£β£ This is a guideline and is meant to be flexible. After going through the exercise you may decide to spend 55% on needs, 35% on wants, and leave 10% for goals β ultimately thatβs up to you.β£β£β£ β£β£β£ Challenging your spending will help you come up with a budget that you feel balances the lifestyle you want to lead today, with the speed that allows you to reach your ultimate wealth goal.β£β£β£ β£β£β£ Reviewing things on a monthly basis will dramatically improve your results and is the key to ongoing progress.β£β£β£ β£β£β£ Please drop me a comment and save for future reference πβ£ β£β£β£ Letβs make money and our mindset work for us πβ£ β£β£β£ βββββββββββββββββββββββ£β£β£β£β£β£β£ For more @investing_adventure πΈβ£β£β£ β£β£β£ π Growth & Dividend Investorβ£β£β£β£β£β£β£ π° Learn How to Save, Make and Invest Moneyβ£β£β£β£β£β£β£ π Investing, Business & Motivationβ£β£β£β£β£β£β£ π For free shares with Freetrade or Trading212, DM me πβ£β£β£ βββββββββββββββββββββββ£β£β£β£β£β£β£ β£β£β£ #503020rule #503020plan #needswantsgoals #budgetingtips #buildwealth #buildwealthsuccess #wealthcreation #debtfreecommunity #personalfinancegoals β£β£#startbudgeting #howtobudget #budgeting101 #budgetplan #howtostartinvesting #howtoinvestinstocks #learntoinvest #trading212 #freetrade #robinhoodapp #dividendstocks #dividendgrowthinvesting #howtoearndividends #dividendincome #investormindset #investingtips #investingforbeginners #financialeducation #smartinvestors #buildingwealth #investingadventure https://www.instagram.com/p/CVMk9D3LJR9hZcveAW2152bq1udnDEyBGQdiAA0/?utm_medium=tumblr
