How To Use the 50/30/20 Rule for Money Management

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In this video I'm covering the 50/30/20 rule (also sometimes seen as 50/20/30 rule) for managing your money. It's quite simple. 50% of you budget towards needs, 30% towards wants and 20% towards savings and paying off debt.

📖 Read more about this topic:
Should You Follow the 50/30/20 Rule? - https://erika.com/budgeting/50-30-20-...
How to Budget: 5 Simple Steps - https://erika.com/budgeting/how-to-bu...
How Much Should You Save a Month? - https://erika.com/savings/how-much-sh...

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Disclaimer: I am not a financial advisor. Although I am a lawyer by profession, I am not your lawyer and no attorney-client relationship is established with you in any way. This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as financial or legal advice.