What is the 50-30-20 Budget?

The 50-30-20 budget is a personal finance rule that can help you save money and reach your financial goals. Basically, it means spending no more than 50% of your gross income on needs (such as housing expenses, food, transportation), 30% on wants (such as entertainment or clothing), and 20% on savings.
This video will give you the basics of the 50-30-20 budgeting rule and how it can help you make better decisions about your finances!

[@Sadracbbeauvil]

In my 20 years of teaching financial development I must say you explained this method well

[@MoneyUnder30]

Yay! Kenji for the win!

[@Sadracbbeauvil]

@@MoneyUnder30 is this in creative commons as well