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Mastering the 50-30-20 Budget Rule for Financial Success

The 50-30-20 rule is a simple budgeting strategy that helps individuals allocate their income effectively. It divides income into three categories: needs, wants, and savings or debt repayment. By understanding this rule, adults can better manage their finances, reduce unnecessary spending, and work toward achieving financial goals. The approach is flexible, allowing adjustments to suit personal priorities and circumstances. Read more

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