Experts went on to add that if handled properly, this 50-30-20 rule of money helps an earning individual to meet one's all types of investment goals with ease. Speaking on the 50-30-20 rule of money SEBI registered tax and investment expert Jitendra Solankii said, "50-30-20 rule of budgeting is quite popular in the US, Europe and other developed countries but it can be implemented in India too. These important and necessary expenses will fall in 50 per cent of one's income. Important but not necessary expenses are those that includes weekend hangout, watching movie with family, dine out with the family etc. So, the 50-30-20 calculator is useful in meeting all kinds of investment goals.

Source: Mint May 12, 2021 10:30 UTC