The 50/30/20 Rule: A Simple Budget That Actually Works

The 50/30/20 rule is one of the easiest budgeting frameworks to remember: 50% of your income to needs, 30% to wants, and 20% to savings and debt repayment.

Why it works

It gives you guardrails without forcing you to track every rupee or dollar.

An example

• Needs: rent, groceries, utilities, insurance
• Wants: dining out, subscriptions, travel
• Savings: emergency fund, investments, extra debt payments

Automate the savings 20% on payday so you never have to rely on willpower.