Smart Savings: Consider the 50/30/20 rule ⚖️

Andre Lewis

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Mar '25 • 💬General Discussion

Smart Savings: Consider the 50/30/20 rule ⚖️

Empower yourself with financial stability by starting with a solid budget. The 50/30/20 rule is a great guide:

✔️50% for necessities (rent, groceries, bills)

✔️30% for wants (fun, hobbies, treats)

✔️20% for savings and debt repayment/credit

But let’s be real: Parenting—whether you’re solo, partnered, new, or a seasoned pro—means budgets need flexibility. Maybe 50% on needs isn’t doable (hello, daycare costs!). Or 20% savings feels like a fantasy.

Here’s your power move: Adjust the percentages to fit your life. The goal isn’t perfection—it’s progress. Start where you can, tweak as you go, and give yourself grace. You’ve got this! 👏

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Smart Savings: Consider the 50/30/20 rule ⚖️