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50= you want
30= you need

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The 50/30/20 budget refers to compartmentalizing your needs, goals and wants.

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The 50/30/20 is is a plan that helps people to reach their financial goals

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The 50/30/20 budget is a budget plan where 50% of a budget is for necessities, 30% of a budget is for wants, and the extra 20% is saved for future spendings.

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The 50/20/20 budgeting strategy is a way to easily divide your income into spending categories. 50% of your paycheck should go into things you need, 20% should go into savings and investments, and 30% should go into wants.

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The 50 30 20 budget is distributed by applying 50% for needs, 30% for wants, and 20% for savings.

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50 is needs
20 is savings 30 is wants

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50/30/20 budget is how your money is distributed after you make it.
50% - required spending (rent/bills/food/etc.)
30% - wants
20% - savings

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A 50/30/20 budget is a breakdown of your expenses into 50% needs/30% wants/20% savings. This helps you decide how much money you should be spending in all areas of your life.

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Mr. B
50- Needs such as rent and food
30- Goals such as savings
20- Wants such as gym membership, more shoes and clothes

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under Ms. Carroll

In a 50/30/20 budget, 50% of the budget is spent on things that are necessary, 30% on things that are unnecessary, and 20% is reserved for future goals.

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The 50/30/20 budget means that 50% of your budget goes to your needs (rent, food, etc) 30% goes to your wants, and 20% goes to goals like your 401k or savings account

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This

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50/30/20 is a budget plan on where you are putting your money flow.

50 - Fixed necessary expenses.

30 - Wants.

20 - Savings.