Simple Money Management with the 50/30/20 Rule

[NinjaTrader]

Managing your finances becomes easy with the 50/30/20 rule. Spend 50 percent of your income on necessities like bills and rent. Keep your wants and wishes, like a vacation, to 30 percent. Save 20 percent for emergencies and investments. For instance, if you earn $1000, limit essential expenses to $500. If it goes over, cut back next month. Use $300 for desires, like a vacation. If it's not enough, save for a few months. Ensure $200 goes into savings and investments. Don't just save; try investing in the stock market too. It's a simple way to balance your budget and plan for the future