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If you spend more in a month than is expected in your budget, what are your two options?

1 Answer

5 votes

Answer:

It's hard to define how much should be left over each month after paying all your personal finances as they are different for everyone. But to generalize it, the 50/20/30 rule is applicable to most of us. According to this rule, up to 50% of your income goes to fixed spending, 20% would go to savings.

Step-by-step explanation:

User Tropikalista
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