Do not save your money—do this instead
When our salary gets credited, we're often confused about whether we should invest all our money, save it, or spend it on parties and going out. In this video, I’ll share a simple budgeting rule that will help you balance your needs, wants, and investments, while maintaining great personal financial health.
It’s called the 50-30-20 rule:
50% of your money goes towards your needs
30% towards your wants
20% towards your investments
This rule helps you manage your finances better, make the most of your money, and avoid confusion between saving, investing, and spending.
#personalfinance #investing #savings
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