The 50-30-20 rule can do the incredible- build a strategic budget that allows meeting financial goals with ease. The simple and intuitive rule can help manage money effectively and wisely. The 50-30-20 rule designates a certain percentage of the in-hand income into three parts which helps in structuring the finance and creating a blueprint spending plan. This basic thumb rule divides the post-tax income and structures the budget in a way that meeting the financial goals becomes easy without making many compromises.
