Do you apply 70 - 20- 10 Rule

[Starmix]

What is the 70 20 10 rule money? This rule means that we need to allocate 70 percent for what we need, 20 percent for what we want, either immediate luxuries or future savings goals and the 10 percent will be for our goals like paying off bills and savings or investing in our future. We can work towards a greater sense of financial well-being. Let us always remember that the 70-20-10 budget isn’t set in stone. We can tailor the budget to suit our needs. If 60% covers your essential outgoings maybe increase your ‘goals’ chunk to 20% and hit your target sooner. Let us always stick to our plans with patience in order to endure and succeed.

 

[Augusta]

Yes I do like this rule though I'm still yet to try it out. but I feel it would be helpful if we are consistent with it.

 

[Starmix]

It's very logical and essential to have us set ourselves to financial freedom someday through following the 70 20 10 Rule.

 

[eLdavis]

I have been doing something similar to this for some time now though I was not aware there was a rule like this before.

 

[Starmix]

This rule was tested many years ago and it's very effective. It truly guides us to manage our finances by following the 70--20-10 rule.

 

[freelancermaria]

This rule was tested many years ago and it's very effective. It truly guides us to manage our finances by following the 70--20-10 rule.

I did not know that there is such a thing existed. I have yet to use this 70-20-10 rule and I hope it can make a big difference.

 

[Starmix]

I did not know that there is such a thing existed. I have yet to use this 70-20-10 rule and I hope it can make a big difference.

It's real the same as 50 30 20 Rule. It's good to apply the 70 20 10 Rule. There's no doubt that it could lead us to the best planning for our finances and personal lives.