The 50/30/20 budget, made simple
Updated
The 50/30/20 rule is an easy way to balance your spending. It splits your take-home pay into three buckets, and no spreadsheets are required.
The three buckets
It puts 50% towards needs (rent, bills, food, transport), 30% towards wants (eating out, hobbies, subscriptions), and 20% towards your future (saving, investing, and paying down debt).
It is a rule of thumb, not a requirement. Where rent is high, the needs share often comes out above 50%, and the split that fits depends on your income and costs.
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This guide is general financial education, not personal advice. Always do your own research, and consider speaking to a regulated adviser for your specific circumstances.
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