Community FAQ · Financial Planning
What is the 50/30/20 budgeting rule?
The 50/30/20 rule is a practical budgeting method where 50% of income goes to needs, 30% for wants (which includes holiday spending), and 20% for savings and debt repayment.
Answered by Shannon Neely, Shannon Neely Financial. Based on Budgeting for the Holidays While Planning for the Year Ahead: A Financial Advisor's Perspective.