Budget50: 50/30/20 Rule

Features Budget50: 50/30/20 Rule

Your budget will be your guide towards the financial freedom you seek.Create a budget for yourself every month.• Keep track of all your income• Split your income using the 50/30/20 rule• Be aware of your spending habits and cut backFINANCIAL NEEDSYour needs are:• Utilities• Housing• Transportation• Food, water and clothesThe app helps you to keep your needs at 50% of your total net income.FINANCIAL WANTSYour wants are:• Clothing that isnt essential• Dining out or ordering take out• Hobbies, traveling, large house, and new expensive carThe app helps you to budget your wants within 30% of your monthly net income.SAVINGSPay yourself every month towards:• Retirement or long-term savings• Short-term savings for a new car or vacation• Emergency funds of 6-12 months of living expensesPut 10% of your net income towards savings each month.