50/30/20 Rule
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Last updated 10:50 PM on 6/22/26
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4 Terms
1
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What is the 50/30/20 rule?
A budgeting guideline that divides your income into needs, wants, and savings.
2
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In the 50/30/20 rule, what should 50% of your income go toward?
Essentials such as rent, groceries, and insurance.
3
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In the 50/30/20 rule, what should 30% of your income go toward?
Fun spending and wants, such as clothing, eating out, and travel.
4
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In the 50/30/20 rule, what should 20% of your income go toward?
Savings and future goals, such as emergency funds, investing, and retirement.