Have you ever heard of the 50/30/20 rule?
It's a rule of thumb on how you should be allocating your finances. 50% goes towards fixed expenses like your car loan, phone bills, insurance premiums and so on. 30% goes on variable expenses like entertainment, food and etc. The balance 20% goes to your savings. Well this is what the rule of thumb says, but question is, what if it doesn't match my lifestyle? What do I do then? Am I helplessly on the road to failure when it comes to my money management or is there a silver lining under the cloud?!! Fear not, give this episode a listen and cast your worries away!
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