Andrew Harris, managing director at Jenius Bank tells Kiplinger: "The 60/30/10 budgeting ... as the 50/30/20 model does. And a savings category is still essential to any budget.

The 50/30/20 budget is a simple budgeting method. You limit fixed expenses to 50% of income, save 20%, and can spend the remaining 20%. It can be hard to stick to these percentages with an average ...

Track your spending. Regularly check your budget to ensure you’re on track. Review and adjust as needed. Like 50/30/20 budgeting, the 60% solution is meant to simplify your financial life by ...

"If it works out that it's 60/20/20 that's fine, at least you're using a budget. That's what's important." There are a few alternatives to the 50/30/20 budgeting method. If you want a similarly ...

Try another budget system If it’s the 50/30/20 income breakdown that doesn’t resonate with you, here are other budgeting systems that organize your spending in different ways: The 60/30/10 ...