You Can’t Budget Your Way out of Poverty

The 50/30/20 rule is dead.

Photo by Chris Briggs on Unsplash

Here’s another one in the column of “financial articles giving bad advice.” Apparently, the 50/30/20 rule should be the 60/30/10 rule now — at least, while you’re getting a start right out of college. Of course, once you get a few raises under your belt, you can start moving toward that magic 50/30/20 ratio that everyone loves.