Personal Finance

Better Finances for a Better You

Topic: "80/20 Budget"

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Word of the week

80/20 Budget

According to the 80/20 budgeting strategy, 20% of your income is allocated to savings and investments and the remaining 80% is used for monthly expenses and spending. Of course, not everyone will benefit from the 80/20 budget rule. If you have a specific financial objective in mind, such as debt repayment or an early retirement, you may allocate more than 20% of your income to that purpose.

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