50/30/20 Budget Rule for $20/hour #budgeting

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Information 50/30/20 Budget Rule for $20/hour #budgeting

Title	:	50/30/20 Budget Rule for $20/hour #budgeting
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70 i s car rent tythe phone
Comment from : @CatherineAndersen-l9q

70 is necessities
Comment from : @CatherineAndersen-l9q

No 20 left for investingAnd much less for entertaining, rents too high, foods too high😢 more like 80 10 10 😢
Comment from : @karenmckersie2239

I always used this but in this ECONOMY it's 70/20/10😭😭😭
Comment from : @herenortherejustanywhere

The choices you make, make what your life is today If you're not happy with your life change your choices
Comment from : @motavice3499

Car payment, debt payments (besides school) are optional Grocery/fast food and dining is also optional to choose how much The more convenience and service you pay the more money, more grocery store stocking up less money Can even get crazy with meal prep and cost per meal brInstead people will buy TV, Laptop, designer shoes, Hats, furniture, clothes, and so on also likely purchased with debt
Comment from : @motavice3499

I do this and just a heads up For young men getting started it looks more like 70/20/10 Times are hard for young start ups but you can do it boys
Comment from : @GreyWolfDawn

Tithes and Donations? 😂
Comment from : @BmoreAkuma

If someone has debt, he or she definitely cannot spend 30 on wants, such a person should only spend 10 and use the remaining 20 for debt repayments brSomeone in debt should try to pay it all as fast as possible except mortgage and not just pay the minimum payments
Comment from : @adeyosola414

75 15 10 is better in today’s economy
Comment from : @GuardD0N

Game changer ❤
Comment from : @sabu422

I’m having to do 90/5/5 thanks to the economy
Comment from : @josuecruz4155

Bish rent is that ‘needs’ category 😂
Comment from : @namedrop721

Most of us spend way more than 50 on bills
Comment from : @BaxterEvergreen

For me this is more like 90/5/5
Comment from : @kingjabon

Luckily for me my wants are stocks and investments so how about a 50/45 I’ll keep the 5 percent for food
Comment from : @shellsHD

The 2025 version is half the oay and twice the expense The visual will include proceeds from selling furniture and children you no longer have use for😂
Comment from : @richelletvforyou8324

Iam homeless so i think with my checks I'll be able to save alot of money i only gotta pay a $45 phone bill and i got food stamps
Comment from : @YOUNGprophet11

Oh my, 😂
Comment from : @dagod3456

Only use this method for Net Income, not Gross
Comment from : @GenesRapture

Can you do $10 an hour full time
Comment from : @Delululusional

I’m living the 99/0/1 rule and I don’t wanna be here 😅
Comment from : @egyptbrown-zl5jb

I use a 50/40/10 rulebrbrApprox 50 goes to rent, electricity, groceries and suchbr40 for investments and savingsbr10 goes to stuff I dont need like fast food or clothing
Comment from : @Ollichr

Hi from Danmark 🌏🇩🇰 how much is the taxes and houers at work
Comment from : @sussijensen6977

thanks!
Comment from : @Fwixi

20/hr wont cut it in 2025
Comment from : @666dr

That huge entertainment/ want section might be unnecessary Might be more important to save extra
Comment from : @BetterDays_Now

Umm everyone in Canada 🇨🇦 is screwed!!
Comment from : @KristenBudgets86

Anyon knows what the tax in uber or DoorDash earnings are?
Comment from : @ThomasBolleiro

This budget is great In 2007
Comment from : @essentialasa

This video is borderline useless
Comment from : @trevorbraun2574

Why is your small letter 'f' above the line?
Comment from : @adeyemiblessing

Nobody can live on $20/hr with this breakdown because rent in big cities right now eats 50 or more of the income Plus you still have to pay utilities, your cell phone and internet, there is very little $ left
Comment from : @Eden639

I do cash envalope stuffing to save for my goals Weekly
Comment from : @AFBudgets

This is NOT realistic enough for me😂
Comment from : @kendragreene5953

My rent alone is 1336 😢😢
Comment from : @Simplelivingslowliving

The top item on wants needs to be pay off debt before any wants except for an occasional small treat
Comment from : @rld1278

Wow thank you
Comment from : @monicaaayay93

I make $21/hr and my mortgage/taxes/insurance is 65 of my income I have no savings After all bills are paid I have $48 leftover each month for food and supplies No wants or fun allowed
Comment from : @CheapsKate77

Tithes and donations should not be in the needs category If you are struggling financially you should not be donating any money Donate your time if you feel that strongly, but it's not a need
Comment from : @altriish6683

My wants will never be more than my investments Thats just sad I invest 3k per month
Comment from : @CurieBohr

Thank you for putting tithes under necessities! It’s a must 🤗
Comment from : @christinamiller5753

For me it helps to see retirement as a billbrIts gone Out of by Account the day after Payday for Later
Comment from : @luckypanda6967

😂 this is so not relatable in California My rent is $2000
Comment from : @BCurlyfries

Good process/advice!
Comment from : @KBWFreedomthrurealestate

This is not realistic for today's income
Comment from : @mts4428

This method doesn't work because if you start by spending,you will naver save you save first and spend whats left
Comment from : @ndzube_consultants

❤❤❤ i love this can you do 24 bucks working part time??
Comment from : @iXChels

Additional advice: HAVE 3 SEPERATE BANK ACCOUNTS br* 2 checkingbr*1 savingsbrOne should just be for your bills(NEEDS)brOne for your WANTSbrAnd of course the other for savingsbr keep it organized
Comment from : @Ygsociety

Thank you so so so so so so much!!!! 💐
Comment from : @averystrachan8674

Is this rage bait?
Comment from : @knockitoffsam

The 30 for wants is too high
Comment from : @defenderofdecency7218

Car payment is not a need If you’re making $20/hr you absolutely should not have a car payment No one should, but especially if you make $20/hr
Comment from : @baileybunch9999

But what if a lot of your investments are pre tax like 401k?
Comment from : @ebonywinn50

What if you have change on the 50? What you do with it?
Comment from : @senecaarnold6651

Thank you for this
Comment from : @bahamajohnnyoceanlife2899

🔥🔥🔥🔥🔥
Comment from : @fallenbutreborn

I love visuals
Comment from : @DtlaDaisy

1400 is rent and that's if ur lucky
Comment from : @Goldholders

Wait, you guys dont live paycheck to paycheck?
Comment from : @Meeeooowwwrrr

Why is "TITHE" last on the budget list?
Comment from : @butterpecan5642

Terrible advice
Comment from : @fredrickzoller5643

Please do Chicago Taxes I make 23/hour part time
Comment from : @cordyork

🤔 how do u do that if u getbr paid biweekly @ $1442 a hr??
Comment from : @gingerrylant

My man, rent by me is 2,000 for a studio and that's considered a good deal
Comment from : @bane3991

Listen this is 2024 not all of us can afford to do that
Comment from : @JJ-oh4cy

$980 rent $600 car and insurance $50 internet $50 cell phone $50 utilities $80 electric bill We’re starting on the wrong foot Also how many jobs are paying $20/ hour? Not many Wow man USA is fucked Oh I forgot about $400 in groceries Hahahahah
Comment from : @michaelsotomayor5001

I feel like 20 want and 30 saving/investing would make more sense
Comment from : @juststen9016

Definitely took a screen shot thank you for this good visual display to use as a format
Comment from : @ChristopherKish-k3q

$1400 cannot cover all that in 2024 Maybe if you are very lucky, and dont have a car payment For most people this isnt possible Throw a few kids in there and it's even more impossible
Comment from : @rhlincoln9889

This video is for me! 20
Comment from : @skinden1815

If I want to buy a car or a motorcycle, should I take money from wants or from savings?
Comment from : @AdrianGodoy-m1q

What if 50 of your monthly income is rent
Comment from : @doomfulcomet4595

Can you do for $18?
Comment from : @saydeization

This is only if your rent is under $500 and car note under $400
Comment from : @beemonique8466

Thanks for including tithes Many don't calculate that It's God's money!
Comment from : @riascabin1

Is the 50/30/20 rule or the 75/15/10 better?
Comment from : @idkhello4306

Only saving $500 a month isn’t enough! Gosh… I think it should be the 60/30/10 rule with only 10 going to wants Sorry! But in this economy… 1400 isn’t enough for needs and 20 isn’t enough to save to retire 60/10/30 The only way
Comment from : @brainwave1397

😂😂 this wont work
Comment from : @therealstaxxyoung

I pay 1338 in JUST rent,
Comment from : @chaundadon2612

How bout 90/5/5
Comment from : @chezly7236

30 should be for savings
Comment from : @dullah1434

LIFE NOT SIMPLE LIKE THAT
Comment from : @faizalmacho8960

What if all your money goes to bills ?
Comment from : @michaelmason1986

I think the Needs and Wants should be switchedno one should need to spend so much on their Needs
Comment from : @arlettez3894

I make it like this to but must say a little different 20 is my needs , 30 on wants and 50 I’m saving I have luck that I had minimum costs in rent and also in my other needs for the month
Comment from : @unbegrenzt4400