Pie Chart of the 50/30/20 Budget Rule

About this example

The 50/30/20 rule is a personal finance framework popularized by Senator Elizabeth Warren: 50% of after-tax income to needs, 30% to wants, 20% to savings and debt repayment. The simplest possible three-slice budget.

The data

• Needs — 50 %
• Wants — 30 %
• Savings & debt repayment — 20 %

Source

Elizabeth Warren, 'All Your Worth' (2005).

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