Questions tagged [60 20 20 rule]

Raffaele Wed Feb 12 2025 | 7 answers 1351

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.