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If you're struggling to save money the '50/30/20' rule could help you budget
You can adapt the rule to suit your own personal finances.
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Simple Budgeting Method for ADHD: 50/30/20 Explained
Millions struggle with budgeting, especially those with ADHD. A new video demonstrates a simple yet effective solution: the 50/30/20 method. The video, created by rulemoneyuk, uses a £22,000 annual income example to illustrate how to allocate funds for needs (50%, or £771 per month), wants (30%, or £462 per month), and savings (20%, or £308 per month). The creator explains: "The 50/30/20 budget might work for you." This straightforward approach helps individuals manage their finances and achieve their savings goals. The video's popularity, with over 8,000 views in less than 5 months, shows its usefulness. The method's simplicity and clear visual presentation make it easily understandable and applicable to various income levels, offering a practical solution to a common financial challenge.
