# What’s the 50 30 20 budget rule?

Example 50-20-30 budget for a person Emily makes \$1,595 per month after taxes. He can spend 50% of his budget (\$797.50) on essentials, 20% of his budget (\$319) on student loan payments and 30% of his budget (\$478.50) on entertainment.

## How much does Dave Ramsey say you should save?

Dave Ramsey: 6 months of funding in an emergency fund In the spring of 2022, personal finance expert Dave Ramsey stated that the general rule for emergency savings is now about six months of income. On his blog, he writes, “The more stable your income and household, the less you need your emergency fund.

What is a reasonable amount to save per month? At least 20% of your income should go towards savings. Meanwhile, the other 50% (maximum) should go to necessities, while 30% goes to discretionary items. This may interest you : What is the 7 hole in hockey?. This is called the 50/30/20 rule of thumb, and it provides a quick and easy way for you to budget your money.

### What is the 70/30 10 Rule money?

70% BUDGETING RULE You take your monthly gross income and divide it by 70%, 20%, and 10%. You divide the percentage like this: 70% for monthly expenses (whatever you spend money on). 20% goes into savings, unless you have a pressing debt (see below for my definition), in which case it goes towards the first debt.