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In this video I'm covering the 50/30/20 rule (also sometimes seen as 50/20/30 rule) for managing your money. It's quite simple. 50% of you budget towards needs, 30% towards wants and 20% towards savings and paying off debt.
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About ME:
Hello! My name is Erika Kullberg. I'm a lawyer by profession, but my passion is personal finance. After I graduated, I had over $200,000 of student debt, so I made it my mission to dive into everything personal finance-related, so I could equip myself with the tools to pay off the student loans as quickly as possible. I ended up paying them off in under 2 years, and now it's my passion project to share with you all of the strategies I've used to pay off my student loans, increase my net worth, credit card hack (travel on points), invest, house hack (invest in real estate), build passive income streams, and more. I hope you'll join me on the channel!
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Guide to Legally Protecting Your Business
https://plugandlaw.com/legal-guide
NOTE: This description contains some affiliate links, meaning that I may earn a minimal commission if you click through and use these links (at no additional cost to you).
Disclaimer: I am not a financial advisor. Although I am a lawyer by profession, I am not your lawyer and no attorney-client relationship is established with you in any way. This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as financial or legal advice.
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By: Erika Kullberg
Title: How To Use the 50/30/20 Rule for Money Management
Sourced From: www.youtube.com/watch?v=4vFbAd2mSps
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