We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
What do you think of the 50/30/20 principle
Comments
-
It wouldn't work for me or many that I know because it doesn't make allowances for charitable donations.0
-
I just try to live within my limited means being retired and not receiving a film star income.It's worked all my adult life without having to brag about how much overdraft I have or how much I owe on Credit Cards etc..3
-
Yes it does. That could come from the OP's 30% discretionary spending. Not every type of expenditure has to be specified line by line.subjecttocontract said:It wouldn't work for me or many that I know because it doesn't make allowances for charitable donations.6
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.8K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.3K Work, Benefits & Business
- 605.9K Mortgages, Homes & Bills
- 179K Life & Family
- 263.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards