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Financial habit #1: Regularly review and update your financial plan. Financial habit #2: Set financial goals that
are meaningful. Financial habit #3: Create a budget and use it to guide your spending. Financial habit #4: Find
passive income to improve your income.
What’s the 50 30 20 budget rule?
One of the most common percentage-based budgets is the 50/30/20 rule. The idea is to divide
your income into three categories, spending 50% on needs, 30% on wants, and 20% on savings.
Learn more about the 50/30/20 budget rule and if it’s right for you.