I have been using the 50/30/20 rule for about a year now and it has seriously transformed my finances. The holidays are coming up so it is vital to save smart, budget wisely and splurge consciously. In my latest BeenieTV Youtube video I break down the 50/30/20 Financial Rule and how that helped me save $5,000 in 4 months.
If you can’t watch the video then please see below a breakdown of this awesome financial rule. It’s so simple, easy and super effective.
50% of your check goes to bills (rent, utilities, netflix)
30% of your check goes to you (straight to your wallet to do what you please)
20% of your check goes straight to savings (do not even THINK about spending this money)
And there you have it!
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