50-30-20 Rule Example
Let’s say I make $40,000 a year, that is $3,300 a month (before taxes)
50% to Needs Bills/ Expenses | |
50% of $3,300 = $1650 | |
Expense | Cost |
Rent | ? |
Phone Bill | ? |
Internet bill | ? |
Utilities | ? |
Food | ? |
Transportation | ? |
Total | ? |
30% to Wants/ leisure activities | |
30% of $3,300 = $990 | |
Movies | ? |
Eating Out | ? |
Clothing | ? |
Other | ? |
Total | ? |
20% to Savings | |
20 % of $3,300 = $660 |