Money is a fluid resource and can be difficult to manage. Without an organized structure, it's easy for money to slip through our fingers and become unbalanced. There are many ways to keep track of your money, but one of the most effective methods is using the 50/30/20 budget rule.
⏱ Time Stamps:
00:00 Intro
00:19 What is the 50/30/20 Budget Rule
00:45 Where did the 50/30/20 Rule Come From
01:20 How to Budget Your Money with the 50/30/20 Rule
02:17 Needs
02:50 Wants
03:53 Savings
05:14 Importance of Savings
05:43 How to apply 50/30/20 Rule
#TheWealthWorkshop #503020Budget #budgetstyle
DISCLAIMER: None of this is meant to be construed as investment advice. We are not financial advisers. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share our own opinions with no guarantee of gain or losses.
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