How To Use the 503020 Rule for Money Management

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📹 Watch the Erika Taught Me podcast to level up your life: https://erikakullberg.com/watch-podcast • 💰Get Free Stocks: https://erikakullberg.com/get-free-st... • ➡️ Download my Free Resources (Fine Print Hacks Guide, Passive Income Guide, Legal Guide, Net Worth Tracker): https://erikakullberg.com/get-free-do... • In this video I'm covering the 50/30/20 rule (also sometimes seen as 50/20/30 rule) for managing your money. It's quite simple. 50% of you budget towards needs, 30% towards wants and 20% towards savings and paying off debt. • 📖 Read more about this topic: • Should You Follow the 50/30/20 Rule? - https://erika.com/budgeting/50-30-20-... • How to Budget: 5 Simple Steps - https://erika.com/budgeting/how-to-bu... • How Much Should You Save a Month? - https://erika.com/savings/how-much-sh... • 📌Join 4 million followers on Instagram to see my other money videos: / erikankullberg • NOTE: This description contains some affiliate links, meaning that I may earn a minimal commission if you click through and use these links (at no additional cost to you). • Disclaimer: I am not a financial advisor. Although I am a lawyer by profession, I am not your lawyer and no attorney-client relationship is established with you in any way. This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as financial or legal advice.

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