The 50/30/20 budgeting rule is an easy-to-follow method to budget your finances. It breaks down your income into three parts: ...

The 50/30/20 budgeting rule has long been the gold standard. According to this budgeting rule of thumb, you should devote 50% of your after-tax income to needs, 30% to wants and 20% to savings.

Even more, about 60%, are uncomfortable with their emergency savings. The 50/30/20 rule is a good starting point to get control of your finances. It’s a popular budgeting technique that breaks ...