"According to this rule, **you should budget 50 percent of your income for must-haves** (like rent, groceries, and utilities), 30 **percent for your personal wants** (like travel, entertainment, and dining out), and the **remaining 20 percent on building your savings and paying down your debt**." ([Location 1341](https://readwise.io/to_kindle?action=open&asin=B07T5LSF1J&location=1341)) --- **Tags** -- [[quotes]], [[budgeting]], [[frugality]] , [[essentialism]] , [[personal-values]] **Source** -- [[202408061202 - B - Die With Zero]]