Does the 50-30-20 rule really work for everyone?

I came across the 50/30/20 rule for budgeting. Is this a good way to plan my finances? - Anonymous The 50-30-20 rule is a well-known budgeting guideline that suggests dividing your monthly income as follows: 50 per cent of your salary to meet your needs: essentials like rent, groceries, electricity, EMIs, school fees, etc. 30 per cent for wants and entertainment: dining out, OTT subscriptions, vacations, shopping, and hobbies. 20 per cent for savings and investments It's simple, easy to remember and provides a useful starting point for structur

This article was originally published on April 17, 2025.