How to budget. The 50-30-20 Rule:

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50% needs? I know plenty of people who spend 60% on rent alone..

Whoa — awesome graphic! How’d you make that?

Worked with @Hunter_Weiss on the animation. He's got a special talent.

Love the 50:30:20 But, I target getting the investing, in lieu of saving, to 50%.

Best way to apply the 50-30-20 rule: @ynab

There is a big misjudgment between what is needed and what is wanted. And that is where 99% of the population overspends their money.

Amazing graphics!

Love this approach. Going to add it to the toolkit.

If debt payment falls under the "20% savings" bucket, doesn't that make your savings/investment fall below 20%? I think debt payment fits better under the "needs" bucket.