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The Guardian - UK
The Guardian - UK
Rhymer Rigby

The 50/30/20 rule: the simple system that takes the stress out of money management

Woman's hands over a calculator with bills coming out of it.
Bring some control to your financial life with the 50/30/20 rule. Photograph: Stocksy United

Money management can seem daunting. You look at your account the moment your salary drops and the balance seems pretty healthy. Three weeks later and you’re wondering where it all went. Then you look at your online statement – and you realise how quickly all those little transactions add up.

For many people this is the end of it. They have a very anxious fourth week of the month where they live in fear of a bill they’d forgotten taking them into the red. Then their salary arrives in their account, they breathe a sigh of relief, forget about the stress and the cycle begins anew.

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