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Take control of your monthly budget effortlessly with our intuitive Notion template, based on the simple yet effective 50/30/20 rule. Allocate your income into three categories: 50% for necessities, 30% for wants, and 20% for savings, ensuring a balanced approach to your finances. Ideal for anyone looking to cut down on unnecessary expenses and increase their savings, this method, highlighted in Elizabeth Warren's 'All Your Worth,' provides a clear path to financial stability. Download the 50/30/20 budget planner now and embark on a journey to better money management.
This Notion template isn't financial advice but a tool to help you budget your monthly income wisely using the 50/30/20 rule. It guides you to reduce unnecessary expenses and boost your savings.
Here's the breakdown:
- Divide your earnings: 50% for essentials, 30% for personal desires, and 20% for saving.
- Essentials (50%): Use half of your income for must-haves like housing, food, and transportation.
- Desires (30%): Allow 30% for leisure and fun activities, such as dining out, entertainment, and shopping.
- Savings (20%): Allocate a fifth of your income to savings and investments for emergencies, debt repayment, retirement, or future projects.
Discover the 50/30/20 rule from Elizabeth Warren's book, All Your Worth.
Grab the 50/30/20 budget planner today for smarter money management!
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