{"id":1870,"date":"2021-09-24T11:46:56","date_gmt":"2021-09-24T03:46:56","guid":{"rendered":"https:\/\/shawnjosiah.com\/?p=1870"},"modified":"2021-09-24T11:46:56","modified_gmt":"2021-09-24T03:46:56","slug":"what-is-the-trending-50-30-20-rule-on-budget","status":"publish","type":"post","link":"https:\/\/shawnjosiah.com\/shawnjosiah\/what-is-the-trending-50-30-20-rule-on-budget\/","title":{"rendered":"What Is The Trending 50-30-20 Rule On Budget?"},"content":{"rendered":"
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What Is The Trending 50-30-20 Rule On Budget?
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      If you are new at budgeting, this 50-30-20 Rule was popularized by Senator Elizabeth Warren<\/a> and her daughter Amelia Warren Tyagi. The main purpose why they invented this rule is to help families track their expenses and be financially prepared for emergencies. Since then, this rule has become popular among millennials and beginners who have just started managing finances and saving money. <\/p>

      Getting your salary can really be overwhelming, especially if you have stuff that you want to buy and a lifestyle you want to achieve. Payday comes and you go splurging. For the rest of the month, you miss meals, forget the bills and the rent, or you go into massive debt. All because you did not employ the right budgeting schemes and got carried away, thinking you have some more penny for tomorrow and for emergencies.<\/p>

      This 50-30-20<\/a> rule will teach you how to become a wise budgeter. Let's illustrate how it works.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>

How Does It Work?
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      In a nutshell, this is how you will spend your monthly salary:<\/p>