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Understanding and applying the 50-30-20 rule of money

3 min read

Sandra is a superwoman. She can’t fly or she can’t singlehandedly save a bus from falling off a cliff, but she can budget and she does it pretty well. She was quite happy with the way she was handling her finances until she saw her younger brother struggling to save money. After a lot of thought, she decided to unravel her superpower to her brother and it turned out to be a simple 50-30-20 rule. Let’s join Sandra as she explains the same to her brother and helps him start saving. 

What is the 50-30-20 rule?

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