The 50/30/20 rule for budgeting suggests allocating 50% of income to needs, 30% to wants, and 20% to savings and debt repayment.

Authors

• Person: Not available Organization: JetStream Federal Credit Union
  Master Your Personal Finance: 5 Essential Money Management Tips

Sources

• Master Your Personal Finance: 5 Essential Money Management Tips jetstreamfcu.org JetStream Federal Credit Union via serper

Referenced by nodes (4)

• income concept
• debt repayment concept
• savings concept
• budgeting concept