Raffaele
Wed Feb 12 2025
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7 answers
1351
What is the 60 20 20 rule in finance?
The 60 20 20 rule in finance refers to a budgeting strategy where 60% of income is allocated to essential expenses, 20% to savings or debt repayment, and the remaining 20% to non-essential expenses or wants. This rule aims to provide a balanced approach to managing finances.
Andrea
Sun Feb 09 2025
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7 answers
1417
What is the 60 20 20 rule?
I heard about a concept called the 60 20 20 rule, but I'm not sure what it means. Can someone explain the basics of this rule to me, including what each of the numbers represents and how it can be applied in different contexts?
