FINANCIAL PLANNING: THE 50/30/20 RULE FOR PERSONAL FINANCES
NEEDS 50%
HOUSING, FOOD, TRANSPORTATION, EXPENSES, ESSENTIAL DEBT.
WANTS 30%
RESTAURANTS, ENTERTAINMENT, VACATIONS, LUXURY ITEMS, ELECTRONICS, CONCERTS.
SAVINGS & INVESTMENTS 20%
EMERGENCY FUND,
RENTAL PROPERTY,
STOCKS / ETFS (EXCHANGE TRADED FUND),
REGISTERED RETIREMENT SAVINGS PLAN (RRSPS),
BONDS/MUTUAL FUNDS.
Thank you for reading so far I hope you found something useful from this post, then please give us a subscribe, this will really encourage us to do more.