What’s the 50 30 20 budget rule?

What’s the 50 30 20 budget rule?

Senator Elizabeth Warren popularized the so-called “”50/20/30 budget rule”” (sometimes labeled “”50-30-20″”) in her book, All Your Worth: The Ultimate Lifetime Money Plan. The basic rule is to divide up after-tax income and allocate it to spend: 50% on needs, 30% on wants, and socking away 20% to savings.