So you’re supposed to do 50-30-20
Meaning 50% on needs
30% on wants
20% investing
You might be thinking “Ericbomb, how does one keep their needs below 50%, when the median rent in the US is $2,000, and median household income after taxes/withholdings is near 40k?”
So you’re supposed to do 50-30-20 Meaning 50% on needs 30% on wants 20% investing
You might be thinking “Ericbomb, how does one keep their needs below 50%, when the median rent in the US is $2,000, and median household income after taxes/withholdings is near 40k?”
Wonderful question!