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Advanced Budget Planner
Monthly Income
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Expenses
5 Categories₹
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Budget Summary
Total Expenses₹ 47,000
Projected Savings₹ 53,000
53.0% of income
Analysis
"Excellent! You are saving 53.0% of your income. Ready to invest?"
The 50/30/20 Budgeting Rule
A simple, yet effective budgeting method is the 50/30/20 rule. It suggests dividing your after-tax income into three categories:
50% Needs
- • Rent / mortgage
- • Groceries
- • Utilities
- • Minimum debt payments
30% Wants
- • Dining out
- • Hobbies
- • Entertainment
- • Streaming services
20% Savings
- • Emergency fund
- • Retirement savings
- • Extra debt payments
- • Investments