The 50/30/20 Rule EXPOSED

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Information The 50/30/20 Rule EXPOSED

Title	:	The 50/30/20 Rule EXPOSED
Lasting	:	9.16
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Views	:	121 rb

Thank you for watching! If you enjoyed this video, you should watch - 5 WEIRD Things Making Your Finances Worse: youtube/z77R8QMCCSQ
Comment from : @MinorityMindset

AHSANTE
Comment from : @mohammedrashid2906

❤
Comment from : @sherdonseaforth3123

This is so thoroughly wrong 50/30/20 doesn't advocate for just saving, and even if it did, the rate wouldn't be 009 in a HYSA The category is savings, but how you use it can definitely include investments It even includes debt repayment in the savings category, so there's clearly flexibility in the terminology
Comment from : @epfrostwraith

Thank you
Comment from : @bernadettekariem5902

You don’t know anything about the 50/30/20 budget bro The 20 is used for investing, emergency fund savings, paying off debt Do some research
Comment from : @zachogan6255

My man
Comment from : @88ccrazy

Hello jaspret, im new to this channel I understand that this video is 3-years old, but i have one query with regards to your 75/15/10 rule?brWhich category does mortgage payment fall under?
Comment from : @aaron_anil

01 of $1 is not even one cent It's actually $0001 So your dollar only grows to $1001 - which is nuts if inflation grows at 3 lol
Comment from : @chammysean

This is impossible to watch till the end unfortunately Loads of nonsense Of course people understand that 20 savings is a minimum amount to save, if you afford more, go for more And people do understand that saving means investing Same with 30 about wants, its just a maximum amount you should be spending This video assumes that viewer is brainless
Comment from : @gintarasliksa4960

Like
Comment from : @quintingarza7964

The 20 of the 50/30/20 rule includes investments wtf how did you not find this information upon cursory research of the topic?
Comment from : @brotendo

This all after your out of debt right ?
Comment from : @tater4ever

I agree! The rule does not include paying debt!☝
Comment from : @bendailymoney

What platform outside my company’s 401K do you recommend?
Comment from : @benddover3093

I under what he’s saying but savings is still important just in case something goes down you don’t have to mess with your investments
Comment from : @manuelalvidrez4355

What if we don’t know what to invest in? Wouldn’t that money still be saved money?
Comment from : @Stephaniehalsey

That's it- I'm convinced that big business is secretly behind this budget lol
Comment from : @Themystergamerr

I always felt the 50/30/20 would never make me rich🧐
Comment from : @charletfoster8917

Watching this made me look at my income/spending ratio I want to save and invest more
Comment from : @MakTony

What about if you have 2 kids a fiancée and making only 500 a week?
Comment from : @angel278596

My understanding was savings also included retirement accounts Dunno if it's a high enough percentage though 🤷‍♂️
Comment from : @danhill150

Wonderful when I first heard about 50-30-20 I thought exactly the same as you which is 50 for all spending, 30 for Investments and 20 for spendingbrAlthough irony of my life is that 90 goes into spending :'(
Comment from : @hakimdiwan5101

The 50 is mandatory as long as it's possible the 20 is the minimum and the 30 can be adjusted to feed the 20
Comment from : @Bembeleke

The 50-30-20 rule is total trash It’s not doable or realistic for young adult in today’s economy brbrHowever- your 50/30/20 rule for TEENAGERS is spot on 👌🏼
Comment from : @AdultingShouldntSuck

well just save 5 and invest the other 15 like you say and thats 20
Comment from : @DeonVLOGS4985

When I’m young living with parents all of my money goes into investments lol All 20k Waiting until I’m 24, gonna buy a classic Porsche 911
Comment from : @IcejjfishTbone

50 on debt 30 on fixed expenses ie BILLS/groceries/ fun money 20 savings emergency fund investingsounds good to me What's bad about it?
Comment from : @princesslamour1985

Hey Jaspreet, love the channel I've been watching for about 8 months now Wondering if we work off the 75/15/10 rule and blend it to 75/25, how does this work with a mortgage? If I am currently investing 25 and have paid the minimum into my mortgage with what's left over from my 75 should I put that money into investing or extra onto my mortgage?
Comment from : @David-cv4ux

50 percent invest,30 percent saves,20 percent need and wants
Comment from : @minorityminds4078

People used to get rich by saving their money 525 compounded quarterly could take a meager saver into eventual bigger and better things
Comment from : @fwingebritson

I'm a big saving believer! Thanks for pointing out those man! You're an eye opener
Comment from : @pamelahough3896

But what if housing is 62 of your take-home
Comment from : @bigchills7194

I use a modified 50/30/20 rule myself, 50 investing / 30 needs and wants / 20 investing for retirement
Comment from :

I do 50/10/40 50 investing, 10 saving, 40 expense
Comment from : @keheungan

I like that you make fun of triggered people, being offended is a choice
Comment from : @Coughingcatbleh

Why can't I LIKE this TWICE? Love your content Jaspreet!
Comment from : @jymnastyx

Come on, 50/30/20 it's a rule of thumb to start saving It's nothing really wrong with it People should adapt to their personal case
Comment from : @AurelioPita

I love the 70 30 20 rule everthing you dont spend in wants and needs after the month or payment cycle will go into you savings the game is to spend as less as you can in wants and needs
Comment from : @davidjd123

This is the best video ever on 50/30/20 If anyone wanted to know this in more layman terms we got one too
Comment from : @OwnYourWEALTH

Or just follow Dave Ramsey's baby steps instead
Comment from : @DiaJasin

Jaspreet, does investment amount include 401k contributions?
Comment from : @darwinvasquez2397

That plan is horrible It's set up to keep people broke, lol
Comment from : @Derlet30

50 is for Bill's 30 is to invest and 20 is for what ever You got it wrong Muhammad
Comment from : @enriquebarrera989

Does a pension count as an investment?
Comment from : @formzino

I would change that 30 to investments Want will have to be in the 50 so 45 on needs and 5 on wants
Comment from : @Alona86

I was under the impression that investments counted as savings At least, that's how the 50/30/20 rule was explained to me
Comment from : @luisdizon2486

The 50:30:20 rule is an excellent beginner level tool for teaching responsible budgeting It saved me from over spending and got me out of a hole Of course I've moved on from it but I would always recommend it to someone if they claim to be "bad with money"
Comment from : @WarWulf778

I OK my self but what about single mothers who bearly make ends meet
Comment from : @100Jim

What about saving for taxes?
Comment from : @harmanjotsingh4230

Most def had to rewatch this considering these uncertain times Thank you! P,S, do you advise we save at least one year now instead there's another pandemic? Life insurance is another video <3
Comment from : @amandarivera3833

Good stuff Hopefully more people take your advice
Comment from : @brookswoodward7278

Just spend as little as possible and save the rest
Comment from : @Cross-xm2fr

Jaspreet, to which 50/30/20 category would you allot federal student loan payments made during current CARES Act FSL forbearance? Would you attribute it to a different category once FSL begin accruing interest again after September 30? Thanks, Mark
Comment from : @markjeevaratnam7365

This guys super practical and smart much respect
Comment from : @davehome8592

It’s easier to spend what’s left than to save what’s left mentally
Comment from : @iamOAKland

i invest 75 of what i make and spend 25 because investing is my savings
Comment from : @ParthPatel-zy4pg

So according to this I should:brSpend 2,600/Mo on needsbrSpend 1600/Mo on wantsbrSave 1065/Mo in savingsbrbrWhat I actually dobrSpend 1300/Mo on needs & wantsbrInvest 4030/Mo into stock protfolios, my real estate, and debt paydownbrWhats a savings account?
Comment from : @Poopaduke112

Jaspreet, I must ask how much is your turban budget?👳‍♀️
Comment from : @russschuett2652

The $1 example is actually $1001 and not $101
Comment from :

Ok I get it and I can do that! But how do I invest and what do i invest in??
Comment from : @metalMARCUS1

You speak truth and extremely humorous with it
Comment from : @RAndomlyEntertained

That’s a Michael kors tshirt, I have the same one
Comment from : @Br3w_tv

Wait, the budget means that you have a MAX budget for that category, not that you SHOULD spend that much money I got it wrong ?
Comment from : @ProgrammingwithPeter

The 100 percent rule If a clothing store has signs saying save 50 when you buy 2 or more, don't buy anything and save 100
Comment from : @thefozzybear

Considering the 50/30/20 budget was hatched by a career politician, no wonder there's no emphasis on investing
Comment from : @MrJoyce86

That rule is bullshit Those making less than average can't even apply that rule because 50 can't cover their essential expesenses I have a better rule The 20 rule Invest minimum 20 of your income after you have built an Emergency fund and have zero debt and use the rest 80 to pay only for your essential expesenses, if there's leftover money of that 80, invest it
Comment from : @turbospeed08

Bravo!
Comment from : @mbabcock111

You're 50/30/20 rule is the same rule that I gave my daughter I told her to follow it as long as she can while she is young and doesn't have any responsibilities She will leave for college in a year
Comment from : @nomadicvibesofelle

Once again This is gold! So glad I found this channel!
Comment from : @thescrybe

I just saw a video with that too LOL!!!! I took a financial class and this 50/30/20 was never mentioned Getting out of debt was emphasized and staying out
Comment from : @garlicgirl3149

Veere canada lae v vedio bnao please
Comment from : @gagandeepsinghnarain9716

I
Comment from : @susanpaulk7258

"and nobody likes not so nice Jaspreet"👏😄
Comment from : @gaganonyoutube

What if you don't earn enough to have those percentages
Comment from : @chrisredfield3240

Good in theory but here in Florida, 20 something's are struggling with high cost of needs rent, car payment, utilities etc I DNT know how "kids" survive a few years back when my daughter finished school her and gf rented a 2 bdrm apartment for $750 plus utilities after a year she moved in with bf, who's parents rented them a house for $500 She told me that just 3 years later, the same 2 bd apt was now renting for $1400 That's way more than 3 inflation I think down here, it takes 75 of income to survive, and just handle necessities soooo your plan just got harder, since it takes a couple, few years to even save up the 6 month expenses
Comment from : @meetmando

Overall, all the points in this video are fair I just want to point at that inflation is more like 2 than 3 right now It varies a lot
Comment from : @stevenfletcher3389

I’m still on the 125 mess Spending 125 of what I make
Comment from : @Phantom-darkness

I always thought that 50 went to rent, needs, bills 30 went to investments and savings 20 goes to emergency fund and spending brI thought mine version needs some work, but holy shit I feel accomplished after hearing this version
Comment from : @sarahgoddard2001

This video is some bullshit Every 50/30/20 budget I see says max not "spend this amount exactly!" While I do like your rules and will probably use them myself, I think more people would prefer the other 50/30/20 because it goes deeper into what to use your money on
Comment from : @AaronTheImposter

Wish I had known this 25 years ago
Comment from : @ianisbell500

Another thing is that the 50/30/20 rule might have been designed at a time when putting $1 into a bank account for a year would give $105 at the end In the 1990's CD's had that kind of return When I was a child, savings accounts came close to that In the era of zero to negative interest (as is the case now in some countries), keeping too much cash or money in the bank is not wise
Comment from : @Off_the_clock_astrophysicist

Who came up with that rule? It don’t even make any sense
Comment from : @baileyelliott7277

I'm sorry, I was watching the video and all I can think about it how magnificent that beard is, and how itchy it must get sometimes
Comment from : @JoelJames2

So we think there will be a market down turn what to do with cash we are saving if inflation effects it negatively
Comment from : @jakemf1

I might be the only one that noticed but if you have one dollar and it grows by 09 which is about 1 That would mean one dollar one year later would still only be one dollar Because if you take 1 of $1 that would give you $1001 which wouldn’t even give you one penny it would give you a 10th of a penny
Comment from : @TD-yj2tw

How do you incorporate your financial strategies into an inbox system like the traditional envelopes or a digital inbox solution like YNAB or DR Every Dollar?
Comment from : @nicholasbackwell1869

I’ve never followed the 50/30/20 rule, I agree with you I spend about 38 of my income on needs instead of 50 I also have a 2 year old soo it’s doable!
Comment from : @breezyIslands22