Your last 30% is for your wants, or lifestyle choices – shopping, entertainment, gym fees, pet expenses, and the like.
There you go. Simple, right?
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I love this percentage. Try this the first time you do the budgeting. Separated bank accounts for essentials, savings, and wants can make you see clearly how much money left for each category. . . . . . . #budgeting #budget #503020rule #503020plan #debtfreecommunity #cashenvelopesystem #cashenvelopes
It’s a new year, and if one of your goals is to get yourself on sound financial footing, the Warrens and their tips for working toward financial freedom could be just the ticket you need to hop on the train!
What’s your favorite financial tip? Share it with us in the comments!