Everyday Spending

The 70/20/10 Rule vs. the Real World: Budgeting for Your Reality

Hey, friends! Imagine this: you're sitting at your kitchen table, coffee in hand, bills spread out like confetti around you, and what are you thinking? Maybe that it's high time for some serious budgeting magic. Enter the famed 70/20/10 rule—a budgeting hero promising to save the day with the simple formula of spending 70% of your income on needs, 20% on savings, and 10% on wants.