A Balance View

What Is the 50/20/30 Budget Rule?

50%: Needs
Needs are those bills that you absolutely must pay and are the things necessary for survival. These include rent or mortgage payments, car payments, groceries, insurance, health care, minimum debt payment, and utilities.
30%: Wants
Wants are all the things you spend money on that are not absolutely essential. This includes dinner and movies out, that new handbag, tickets to sporting events, vacations, the latest electronic gadget, and ultra-high-speed Internet
20%: Savings
Finally, try to allocate 20% of your net income to savings and investments. This includes adding money to an emergency fund in a bank savings account, making IRA contributions to a mutual fund account, and investing in the stock market

http://abalance-view.com

Organize finances so YOU can focus on growing YOUR business
PROFIT 💰 + GROWTH 📈
[email protected]
Book your consultation 👇🏾
www.abalance-view.com