Debt Consolidation Forums Budgeting and Personal Finance forums

Budgeting 50-20-30 rule - Can it be altered if required for a month?

member profile picture
Posts: 1
Credits: 22.15
[Donate]

Budgeting 50-20-30 rule - I have heard about it. My question is - can I alter this ratio, if required, in any month?




It is better to follow it every month as it'll help you save a decent amount every month. However, if it's required, you can follow another budgeting strategy for a couple of months. But, try to get back as fast as you can.

Sub: #1 posted on Fri, 04/28/2017 - 19:00

Good Nelly Good Nelly
Industry Expert
(Posts: 2647 | Credits: 530.54)

What is the ratio you want to follow? Is there any financial goal that you want to achieve?

Please mention that I can guide you properly.

Sub: #2 posted on Mon, 05/01/2017 - 17:00

sanderspatricia29 sanderspatricia29

(Posts: 560 | Credits: 58.69)

How do you want to alter the ratio? Why do you want the ratio? I would ask you to not change the ratio. If you really want to change the ratio, then try to dedicate 30% of your income toward savings.

Sub: #3 posted on Mon, 05/01/2017 - 17:04

ditchdebt ditchdebt

(Posts: 648 | Credits: 251.77)

Attachment
More information
  • Files must be less than 1.25 GB.
  • Allowed file types: txt pdf jpg jpeg png.
Post as a guest
CAPTCHA
This question (Case Insensitive) is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Post as a member

Share post

Page loaded in 0.855 seconds.