Budgeting

What is the 50/40/10 Rule? The 50/40/10 rule is a financial budgeting strategy designed to help individuals manage their income effectively. It allocates 50% of income to necessities, 40% to…

The 15 65 20 rule is a financial strategy that helps individuals allocate their income effectively for savings, necessities, and discretionary spending. It suggests dedicating 15% of income to savings,…

The 70-20-10 rule in money management is a simple budgeting framework that allocates your income into three main categories: 70% for living expenses, 20% for savings, and 10% for debt…

The 7 7 7 rule is a financial guideline often used in budgeting and money management. It suggests allocating your income into three distinct categories: 70% for living expenses, 20%…

The 3-6-9 rule in finance is a guideline for maintaining a balanced budget and ensuring financial stability. It suggests allocating 3 months’ worth of living expenses for emergencies, 6 months…