The 50/30/20 Rule: A Beginner's Guide to Budgeting    

A simple budgeting rule that helps you manage money wisely while still enjoying life. 

Half your income covers basics — rent, bills, food, and healthcare. These things keep your life running smoothly.

50% for Needs: The Essential

This is your fun money — eating out, hobbies, movies. It’s okay to enjoy life and still stay on track.

30% for Wants: Treat Yourself

Set aside at least 20% for savings, paying off debts, or investing. This builds your safety net and dreams.

20% for Savings & Debt: Your Future 

Figure out your take-home pay. Then split it: 50% needs, 30% wants, 20% savings. Adjust as life changes.

How to Get Started 

Don’t stress if it’s not perfect. Track your spending and tweak your budget to fit your lifestyle.

Keep It Real and Flexible 

Big life changes? Time for a budget check-up! Keep your plan working for you as things evolve.

Revisit Your Budget Regularly