REALISTIC BUDGET
SHOPPING
(OR LESS) TO VARIABLE EXPENSES
PERSONAL CARE
HOBBIES
50%
Establishing a monthly budget is essential to estimating how you’ll be able to manage your money with a
given salary.
20%
SAVINGS &
DEBT
The 50/20/30
on your particular situation and needs. The rule recommends allocating the following:
50%
HOUSING
FOOD
ENTERTAINMENT
NEEDS
NEEDS
WANTS
(OR LESS) TO FIXED EXPENSES
TRANSPORTATION
UTILITIES (ELECTRIC, GAS, WATER, CELL PHONE, CABLE, ETC.
30%
20%
(OR MORE) TO FINANCIAL GOALS & OBLIGATIONS
RETIREMENT FUND
EMERGENCY FUND
STUDENT LOANS
ADDITIONAL FINANCIAL LITERACY & PLANNING TOOLS:
CREDIT CARD DEBT
• mint.com
• learnvest.com
•nerdwallet.com
• paycheckcity.com
SAVINGS ACCOUNT
SAVINGS & DEBT
57
58
30%
CREATING A
WANTS