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GOBankingRates
Laura Bogart

Does the 50/30/20 Budgeting Rule Still Really Work?

fizkes / iStock.com

Determining what to do with your income after taxes can be a challenge. You want to be smart with your money — making sure your essential needs are covered while putting funds into savings. And, ideally, you also want some cash left over to enjoy yourself. You’re far from alone in these desires, which is why many people have turned to the 50/30/20 method of budgeting.

For You: 5 Ways ‘Loud Budgeting’ Can Make You Richer, According to Vivian Tu

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