What is the 50/30/20 Rule of Budgeting? The 50/30/20 budgeting rule is a simple guideline for allocating funds among necessities, luxuries, and long-term goals. It’s not a strict law, but it may serve as a general rule of thumb when it comes to creating a budget. It’s a budgeting strategy that emphasizes saving over spending. … Continue reading The 50/30/20 Rule of Budgeting. Its Features & Importance Explained: