The 50/30/20 Rule Doesn’t Work for Millennials — Here’s What Does
If you’ve ever opened a budgeting app or read a “how to manage your money” article, you’ve run into the 50/30/20 rule: 50% of your income goes to needs, 30% to wants, and 20% to savings. It’s clean, it’s simple, and it sounds achievable. It’s also, for a huge number of millennials, basically impossible. The…