Ever heard of the 50/30/20 rule? It's a budgeting technique that allocates your income into three essential categories: - 50% for Needs: Cover your essential expenses like rent, utilities, and groceries. - 30% for Wants: Treat yourself without guilt! This portion is for non-essential spending like dining out, entertainment, and personal indulgences. - 20% for Savings and Debt Repayment: Secure your financial future by saving and paying off debts strategically.