By saving more money, this simple rule of thumb not only enables you to meet your financial objectives on time, but it also enables you to create a healthy budget for the next year 2023.

What should your savings plan be for the New Year 2023 besides the 50/30/20 rule?

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A basic savings strategy adheres to the 50/30/20 budgeting rule. If you’re new to finance, let me introduce you to the 50/30/20 rule, which states that of your total after-tax income, 50% should be spent on needs, 30% on wants, and 20% should be spent on savings. By saving more money, this simple rule of …

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