Want a Foolproof Budgeting Formula? Try This Simple
3-Part Method That Works for Everyone
The
50/30/20 rule is a tried-and-tested budgeting technique that’s perfect
for Indian salaried individuals and beginners alike.
📊 What is the 50/30/20 Rule?
Divide
your income into:
- 50% Needs – Rent, groceries, bills
- 30% Wants – Shopping, travel,
entertainment
- 20% Savings – SIPs, emergency fund,
investments
🧾 How to Apply It (Example with ₹30,000
Salary)
- ₹15,000 → Needs
- ₹9,000 → Wants
- ₹6,000 → Savings/Investments
Even if
your salary is low, start with any ratio that fits. The idea is structure
+ consistency.
✅ Benefits
- No overthinking or
micro-tracking
- Builds habit of saving
automatically
- Keeps lifestyle inflation in
check
✅ Conclusion
This
budgeting rule is like a fitness plan for your money — easy, flexible,
and sustainable for Indian households and individuals.
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