Budget Planner
Whether it’s an allowance, a paycheck or a family budget, a plan helps money go further. List your income and spending, sort needs from wants, and set a savings goal.
Spending & saving
■ Needs■ Wants (lighter)■ Savings
Compared with the 50/30/20 rule
| Guideline | You |
|---|
The 50/30/20 rule is a simple starting point: about 50% for needs, 30% for wants and 20% for savings. Real budgets vary.
🎯 Savings goal
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Need or want? A need is something you must have to live and work safely (food, housing, transportation to school or work). A want is nice to have but you could live without it (new games, eating out).