40/30/20/10 Budget Planner Tool : Simplify Your Finances

The 40/30/20/10 rule is a simple budgeting technique to help you manage your finances effectively:

  • 40% of your income goes to essential needs (housing, groceries, utilities).
  • 30% for discretionary spending (entertainment, dining out).
  • 20% should be saved for future goals (investments, savings, debt repayment).
  • 10% is allocated for donations.

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