A Penny Saved is a Penny Earned

A Penny Saved is a Penny Earned -
Benjamin Franklin

Saturday, August 27, 2016

50/20/30 Rule

There are lots of rules for sticking to a budget (the main one is choosing one you can live with).

The 50/20/30 Rule is a way to separate your income:

50% Fixed Expenses (same amount each month): Mortgage, car loan, phone/cable, insurance etc.
20% Savings
30% Flexible Expenses: Groceries, entertainment, meals, gas, clothing

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