I've heard about a saving method called 70 20 10, but I'm not sure how it works. Could someone explain to me what this method entails and how it can help me manage my finances better?
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answers
Federico
Wed Feb 12 2025
This symbol represents an expandable area or menu within a digital interface.
Daniele
Wed Feb 12 2025
It may also serve as a navigation tool, offering options to move to previous or next sections.
CryptoMagician
Tue Feb 11 2025
A common financial strategy promotes allocating a specific portion of one's income.
ShintoSanctuary
Tue Feb 11 2025
According to this method, 70% of one's take-home pay is designated for daily living expenses and discretionary spending.
EmeraldPulse
Tue Feb 11 2025
An additional 20% is set aside for savings and investments, ensuring long-term financial stability.