50/30/20 Budget rule is helpful for people to manager thier funds and prepare themselves for any types of emergency funds requirment.
In this rules the monthly income can be devided into three parts :
1. 50% – All the necessary expenses which cannot be controlled can come under this category. it includes monthly EMIs, Children education, necessity bills, office travelling expenses, rent etc.
2. 30% under this expenses come like buying new mobile, new cloths, new TV, party, hotel expenses, tours etc.
3. 20% This is the most important as under this your investment and saving comes.
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