Repost from @investing_adventure • 📊The 50/30/20 Budgeting Rule - save for reference 📊 The 50/30/20 rule is budgeting for those who don’t like to budget. It works because it’s easy and straightforward – no spreadsheets or complex budgeting tools. 👉 @investing_adventure 💸 It should take only an hour to complete and can easily save you hundreds or even thousands of dollars a year. It’s going to help you get on track to achieve your top financial goals like getting out of debt and accelerating your saving and investing. It's simple. Allocate 50% of your after-tax income for needs, 30% for wants, and 20% for goals like debt, savings, and investing. 50, 30, 20. That’s it! This is a guideline and is meant to be flexible. After going through the exercise you may decide to spend 55% on needs, 35% on wants, and leave 10% for goals – ultimately that’s up to you. Challenging your spending will help you come up with a budget that you feel balances the lifestyle you want to lead today, with the speed that allows you to reach your ultimate wealth goal. Reviewing things on a monthly basis will dramatically improve your results and is the key to ongoing progress. Please drop me a comment and save for future reference 👍 Let’s make money and our mindset work for us 👊 —————————————————————— For more @investing_adventure 💸 📊 Growth & Dividend Investor 💰 Learn How to Save, Make and Invest Money 📈 Investing, Business & Motivation 🆓 For free shares with Freetrade or Trading212, DM me 😊 —————————————————————— #503020rule #503020plan #needswantsgoals #budgetingtips #buildwealth #buildwealthsuccess #wealthcreation #debtfreecommunity #personalfinancegoals #startbudgeting #howtobudget #budgeting101 #budgetplan #howtostartinvesting #howtoinvestinstocks #learntoinvest #trading212 #freetrade #robinhoodapp #dividendstocks #dividendgrowthinvesting #howtoearndividends #dividendincome #investormindset #investingtips #investingforbeginners #financialeducation #smartinvestors #buildingwealth #investingadventure https://www.instagram.com/p/CVMk9D3LJR9hZcveAW2152bq1udnDEyBGQdiAA0/?utm_medium=tumblr