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Daily Mirror
Daily Mirror
Business
Danni Scott

Savers rave about 50-30-20 budget rule that stops you from overspending

We're all feeling the pinch now with the cost of living crisis and Christmas having eaten away at funds, making January even harder. Sticking to a budget can often feel near impossible but a new trend on TikTok is aiming to make money easier to manage.

The 50, 30, 20 rule has over eight million views under its hashtag on the video app with thousands of people sharing the budgeting hack, hoping to help people manage money better.

Many have dubbed this the "ultimate money saving hack" that can be implemented with minimal effort and have great long term results.

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