I've heard about the 50 30 20 rule for budgeting, but I'm wondering why it might not always work. Are there specific situations or factors that could affect its effectiveness?
7
answers
noah_wright_author
Sat Feb 08 2025
According to these experts, the 50% allocation for needs may not be sufficient for people living in high-cost-of-living areas.
Sara
Sat Feb 08 2025
They believe that a budget should be personalized and take into consideration one's values, lifestyle, and financial goals.
KatanaSwordsmanship
Sat Feb 08 2025
Instead of adhering to a rigid rule, they advocate for a more flexible approach to budgeting.
KDramaLegendaryStar
Sat Feb 08 2025
Some experts have expressed their dissatisfaction with the popular 50/30/20 budgeting rule.
MysticGalaxy
Sat Feb 08 2025
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