8: Does the 50/30/20 Rule Actually Work or is it a Surprising Money Mistake?

Girl on FIRE

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4+ y ago 47:44

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🎙 In part 1 of my 3-part deep dive series, we’re taking a close look at the 50 / 30 / 20 budget method. It’s super popular because it’s quick, it’s easy and it’s simple. But does that mean it’s good enough for you and the life you’re trying to build? 🤔

This episode discusses topics like:

🌟 How to budget (the right way) using the 50 / 30 / 20 rule;

🌟 Who the 50 / 30 / 20 budget is good for and who it isn’t a perfect fit for; and

🌟 Why the 50 / 30 / 20 budget rule is dangerous for building wealth, getting control of your finances and building the life you were meant to live.

Links from this episode:

50 / 30 / 20 Budget spreadsheet

50 / 30 / 20 - Donut

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The advice shared on Girl on FIRE is general in nature and does not constitute financial advice. The information shared does not consider your individual circumstances. Girl on FIRE exists purely for educational purposes and should not be relied upon to make an investment or financial decision.

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