While the 50/30/20 budget has a lot going for it, there are equally-effective alternatives. Here are six of them.

Senator Elizabeth Warren of Massachusetts introduced the 50/30/20 rule. She shared the concept in her book All Your Worth: The Ultimate Lifetime Money Plan, and ever since, the 50/30/20 rule has been ...

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 ...

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 ...

The 50/30/20 budgeting method suggests ... bills and grocery budget should land. If your mandatory expenses come out to 60% or 70% of your after-tax income, you'll need to make some adjustments.

Many people love rules of thumb, like the 50/30/20 budget rule, which entails spending 50% of one's income on needs and necessities (must-haves), 30% on wants (nice-to-haves), and 20% for paying ...

Here’s how a 50/30/20 budget spreadsheet would break down your ... You may have to change the name to the 70/20/10 or 60/20/20 rule, but the idea is the same. It’s a simple way to help you ...