Don’t follow the 50/30/20 rule blindly!
The 50/30/20 rule is a great starting point for managing your finances and achieving financial stability.
It provides a simple framework for dividing your income into three categories: needs, wants, and savings.
However, it’s important to recognize that this rule is not set in stone, and your financial situation may change over time.
As you earn more money, you may notice that the things you need to buy become a smaller part of your total expenses.
This means you might have more money left over to spend on things you want.
This is called “lifestyle inflation” but you should ideally need to set a limit on your needs and increase the percentage you allocate to wants and savings.
For example, you can increase your contributions to retirement accounts, emergency savings, or other long-term investments.
Remember that your financial situation is unique, and there is no one-size-fits-all solution for managing your money.
Take the time to assess your needs, wants, and goals regularly and adjust your budget accordingly.
With discipline, focus, and a willingness to adapt, you can achieve financial freedom and live the life you deserve.
Let me know what are your thought on it
#nehanagar #finance #personalfinance #budgeting
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@SaveLikePro
Yes!! Make sense!!
@ayushtewari2826
50-30-20 is for foreigners, where they don't have to think about very high college prices and heavy budget weddings.
Think of, money saved = money earned.
Then it'll become rewarding each time you don't spend on useless things.
@the_ackerman_
That's a common sense you dump 😂
@sajanyadav368
Ye rules low income walo ke liye sahi hai . Jinki salary kam aur expans jyada hai
@debdattanag136
Finaly someone talking the truth i also follow save as much as i can and limit my needs
@AmrutaWagh-kb3yv
she is thinking same as me thank you
@vrajprajapati3645
You should use 50 – 30 – 20 rule only if you have no tax
@Shortsnips1
Aankh hai ya tamatar
@debtanaydeasi
Baklol 1lakh se 10lakh?
@GURUTUNE
Income badhne ki baad 50 30 20 ko 50 20 30 kar dena chahiye
@Dave_en
Needs pe spending fixed nhi hota. Inflation count karna hi padta hai. 50 30 20 rule bhi humesha kaam nhi karta. Issliye ya toh budgeting seekhiye ya phir professional se consult kijiye.
Big cities me low salary hogi toh 70% needs me kharch ho jayega, 20% wants me aur 10% savings aur investments me. Aur aapko pata bhi nhi chalega kab aapka 50 30 20 rule ulta pad jayega.😂😂😂
@MutualfundsahiHainbutkaunsa
Al din mar gaye toh tum kya karoge
@brajeshrajanand
Sahi baat hai
@PolKhol-m3e
Only Possible with women. Not with men .
@tusharjaiswal1463
Most sensible video, main bhi yahi soch raha tha kuch din pehle
@chacha-ph6qg
Well said❤
@genzsoothe
🤡you don't have even basic knowledge this rule is useful only if you have very little income like about 20 or 25k not for people earning 1lpm or 1cr per month🧠
@MUHAMMAD.HANZALAHAHMAD
Or pessa jmma krty krty mar jayen
@naman881
Mine is 30 70
@nishchintalniche9372
Good
@suhanaguru6491
But agar hamne loan liya hi nahi hai tho hum debt me kasie padenge explain and baki hamne thoda save and invest tho kar hi rakha hai na
@gauravi_deo
I thought 50 is for investment, 30 for needs and 20 for other things 😊
@mohamedrizwan8338
10 lakhs per month ah 🤯🤯 that too after 5 yrs 😮😮
@harsh4986
Where is tax ??
@harsh4986
Where is income tax?
@RoraKaur
❤
@mradulrajpoot5935
Practically not possible for family person only for individuals….. inflation ko kya fix kiya ja sakta hai…. mehengai to badhegi hi
@SahinMalik-n4e
18000 walo ko 50.20. 30 . Wala ki follow karn chiyaa
@niteeshrai8294
Using husband money😂😂
@Vivekparyekar
Salary kuch jyada hi hai
Video dekh kar jalan hoti