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The 50 30 20 Rule

the 50 30 20 Rule

 Hello reader !! 

I hope you are doing well..! So what is 50-30-20 Rule ... Well it's a simple Rule which protects you from bankruptcy. In the past people didn't had any Rule for personal Finance so the people who were smart they saved the money for future and the one who weren't they just spends their hard earned money on unnecessary stuff's and ends up broke. In order to stay financial free we should follow this rule 

Here this 50_30_20 Rule helps you in order to achieve your financially Goal! 

Lets hop onto it! 

According to this Rule 

one's income is divided into three parts in the percentage of 50 ,30 and 20 ....where one should put 20 per cent of its income for savings and investments , 50 per cent for necessary/daily stuffs while 30 per cent for luxurious needs! 

Of course you can reduce the percentage of luxurious stuffs and add it to savings and investments! It totally depends upon you!

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