Both your channel and Betterment Boss has really helped me with my finances. Thank you so much! Great Video. Love from the Caribbean

The basic rule is to divide up after-tax income and allocate it to spend: 50% on needs, 30% on wants, and socking away 20% to savings. The ultimate lifetime money plan.

Oh wow. I was creating a video on this as we speak. Hahaha. But yes, love that we are spreading great information that will help people with their finances!! ❤️🤙🏽

I would make my wants my twenty percent and my savings my thirty percent

I think that should be: needs, debts and saving. Paying housing is a need, but pay others things like personal loans and student loans can be in a separate category, because you can live with out pay those. You will have a bad credit history if you do so, but you won't die. Debts: personal loans, student loans, data plan and other monthly payments. Clothes and mechanic are not monthly payments so you can move that money to saving until it is necessary in that way you can earn interest if your saving account have some.

Great video with informative content. I can learn more manage finance and saving money through your tutorial. That's great

For me since I'll be getting my first job soon I'm going to save 70% and have 30% to spend on stuff I like to do or want since I don't have to pay any bills yet but this sounds like a great way to save money in the future and I'm definitely going to use it

Damn! daily income is way too important. Money is attracted to those who celebrate it. money follows value. the more value you provide the more m thy oney comes your way. whether someone becomes rich by teaching how to be rich or by learning. i celebrate every broker out there, thank you for adding value to customers. Initially deposited $3,500 to get a return of $10k, but i had access to only a 75% of my profit and the other 25% as commission for expertise.

Love your channel. Such great info. Thanks

lmao "john's an average guy making $4,500 a month after tax"

really this content is very good I used your method and it worked

There is no other better way to manage your funds than creating a side hustle which earns you while you still do your normal job. Plan B is always essential in one's life. I invest heavily since 9months now and its been the best 9months of my life.. Forex is a good investment

Thanks for this going to true it today

Y'all making these 50/30/20 rules need to elaborate more in depth. How does one know he/she is going over or under on a budgeted want category (i.e. fast food)? If you are over/under on percentage for a need/want, you should adjust either your budget or spending habits. You should be setting up allotments (automatic transfers) in accordance with your budget. Debt payment/savings is more important than wants and should be 30% and wants should be 20%, because the more you tribulation when your young, the better off you'll be when your 40 or retiring. How do you track your money to stay within your budget? Are balancing checkbooks really an effective way? (It's not, because its not real-time for making spending decisions, and so much more.) Is a budget even feasible if your not going to track your money? What does tracking money or budgeting even mean if you don't have your money flow toward a financial goal over time? Do you have a purpose behind why you're using the 50/30/20 rule - do you have financial goals beside just knowing where your money is going? ... there's so much to finances that these videos don't really help on.

Thank you!💙👍

Such great info. Thank you po.

Love the way you present this budget rule

thank u for this

Extraordinary video bro , you've should me the way to become rich

Thanks for the information

No!!! Here in the south avarage is 12 $- 15 $ and rent going up 1,000..,you need to evaluate this video to people like US !!

I want to know how he edit his videos. Can anyone help me? Which software he is using ? And any website or tutorials where i can learn this kind editing ?

Starting today 🔥🔥🙏

how about vehicle annually tax? is that on saving/dept ?

Good Video 😆

I think the hardest thing is to decide which is a need and which is a want

Besides home and car what needs include?

great video about 50-30-20 money rule"

Thanks for this financial prudence. I'll sure implement it when I earn my first salary. You've earned yourself a new subscriber.

This is great

Not sure I can even do that living in Hawaii - cause here is hella expensive..

John’s not average 😅 that’s pretty good income.

50-30-20 rules i really appreciate

Mrs Lisa is one of the best fx account managers i can actually vouch for as being honest

very good tanks iam from uzbekiston

In my case is more like 30/10/60 rule. Needs wants save/invest.

Hey is monthly subscription like Netflix a want?

50 % 30% 20 % rule divide your needs wants and saving or paying off debt. great idea 1.. limit your needs to the minimum. adjust your needs 2.difine your wants, 3. save up or pay debt open an emergency account.

Now days I think internet and phone is a need. People need the internet for work and school, and also your mobile device for, once again, work and school. So what are other wants that can be listed? For me my plan is pretty much needs and savings lol

Smashed the like button on this . Several intelligent people are terrible investors because they face the market with untrained psychology and untamed emotions. . You need to keep raw, irrational emotion under control.

Sana all naiintindihan Ang English 😁

Tell me how to make mindmap WITH THISSSS VIDEO I HATE SCHOOL

Yeah that doesn't work when you make a little over $500 a month. Thankfully my budget plan works but there's not really 3 categories of separation in my plan but two because I only have $13 after setting aside bill money.

what should you do with your savings after you have built your emergency fund and invest regularly already

I'm confused on the 30 and 20 because they keep changing it around throughout the video. So is it save 20% and wants are 30? or the other way around?

What is the context of this topic?

2:00

Your needs are food water air shelter Your wants are everything else You buy your wants in cash if you can afford it. Americans think they are entitled and most are in debt because if it

What do u mean between 4:42 - 4:46

👍

"John's an average guy making 4.5k a month after tax" Yeah nice try. Come up with a new rule for when your needs automatically account for well over 50% of your income. Methinks this channel doesn't understand people and money as much as it thinks it does.

Can you make a video on Ambani They are Indian billionaire family

“If that amount exceeds 50%, something is wrong” Me, looking at inflation and predatory work/housing in the country: You don’t say.

What have you learnt from this video? Who can teach me please?

Não sei porque minha professora indicou esse link , só tem inglês aqui, eu não entendo nada😔

Am a student how can I used the 50 20 30 rule

Which category does “charity” go???

Need to check the video as you switch back and forth from 50-30-20 to 50-20-30.

What if i don't have needs?

😂 learn all this in 9th grade intro to business class 💯

the 502030 rule is not always applicable

Is 6k/month after taxes a low income?

the crypto/stock market is like a roller coaster of emotions, what goes up comes down only to go back again on a daily basis. Many have investments sitting stagnant in their portfolio, accruing absolutely no profits because of inexperience which is why i rather delegate the responsibility of being hi-jacked in the market to an expert sec licensed broker, instead of blowing up my account or making the same mistakes over a serious investment. I have amassed above $56k profit this passed weeks, taking advantage of the BULL and i'm ready to dabble for more!📈

Don't you know that rent fees takes already 50% my salary 😒🙄

Wow.. I'm only at 3700.00 after tax. California tax is.....?

How much do you make a year." "2 million." "Ok spend 1 million on needs."

Now make a similar rule that helps wen you pay $1000 a month in child support

It be easy if we're all paid more than minimum wage

With the help of bitcoin investment. I have been doing charity without complain.

If more people were like John making $4500 net a month, you wouldn't need to make this video

anyone here from school and just bored 😂

How about you scrap the 50/30/20 nonsense and skip to the 2:03 mark where your encouraged to create a budget!

Poor people mindset.

My name is John, but I am not making $4,500 in a month😂😂😂

4500 a month average guy 🥴

You lost me as soon as you referenced Warren.

Really?? 30% on wants??? Worst advice possible

😂😂 anyone still live by this rule? Id be homeless if i did, oh wait i am, welcome to modern day America. I barley scrape by w 50k yearly pre tax. Hate life

How is that skinny jean, bearded, hipster, millennial making $4500 a MONTH!??

Nope, I stop watching as soon as it mentioned Warren, bad example.

People watching in 2024🎉

Such a great info. Thank you po.