Master Your Money: The 50-30-20 Rule for Financial Freedom

• Many struggle with saving, often spending salary within 10 days due to lack of planning, not low income.
• The 50-30-20 rule divides income: 50% for needs, 30% for wants, and 20% for savings/investments.
• Needs include rent, EMIs, groceries, utilities; wants are non-essential like dining out, subscriptions, travel.
• Savings and investments secure the future, including emergency funds, RDs, SIPs, PPF, and NPS.
• The rule is flexible; adjust percentages based on income and responsibilities, but prioritize consistent saving.

Why It Matters: Implement the 50-30-20 rule to effectively manage finances, prioritize savings, and achieve financial stability.