80-20 Budget Rule: Simple Savings
Update: 2025-11-24
Description
The eighty-twenty budget rule simplifies money management by allocating twenty percent of income to savings or investments, leaving eighty percent for expenses. This method, known as paying yourself first, promotes consistent savings growth and flexibility. However, it lacks detailed spending visibility and may not suit those with inconsistent incomes or impulse spending habits. The ideal budget is one that aligns with your financial habits and personality, encouraging consistency and gradual savings increases.
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