Debunking the 50/30/20 Rule
One of my favorite quotes by Albert Einstein is, “Every problem should be simplified as far as possible, but no further.” The 50/30/20 rule fails his axiom. United States Senator Elizabeth Warren popularized the 50/30/20 rule in her book, All Your Worth: The Ultimate Lifetime Money Plan. It’s a popular guideline that she calls “a good rule of […]
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