The 50/30/20 rule: the simple formula for financial freedom

Want to save more, spend smarter, and build wealth—without over-complicating your finances? The 50/30/20 rule is your answer.

How It Works:

• 50% needs – cover essentials: rent, food, utilities, and transport.
• 30% wants – enjoy life (within reason): dining out, hobbies, and entertainment.
• 20% savings & investments – build your future: emergency fund, debt repayment, and wealth-building investments.

Why it works:

• Saves consistently – you automatically put aside 20% for the future.
• Prevents overspending – keeps lifestyle costs under control.
• Builds an emergency fund – no more relying on high-interest debt for surprises.
• Invests for growth – money works for you through shares, property, super, or business ventures.
• Balances life & wealth – enjoy today while securing tomorrow.

Pro tip: automate savings so you don’t even think about it—just watch your wealth grow!