50/30/20 Rule of Budgeting | Carrott - Let's #StopLazyCash

50/30/20 Rule of Budgeting is probably the easiest method when you're looking to start budgeting or looking to make changes to your budget.

Outline
(0:21) - 50% for Living Essentials (eg Rent or Mortgage)
(0:33) - 30% for Lifestyle (eg Morning Coffee or Going Out)
(0:45) - 20% for Savings and/or Paying-off Debt
(1:03) - Benefits of the 50/30/20 Rule of Budgeting
(2:14) - Key Benefit of the 50/30/20 Rule of Budgeting

Print your own 50/30/20 Budgeting Worksheet from
https://www.carrottslc.com/money-toolkit/50-30-20-rule-of-budgeting/

Looking for an overview of ways to budget? Watch our video on 4 Methods of Budgeting -

Looking to more ways to pay off your debt faster? Need help organising your finances or writing a Budget? Take our Budgeting Course - "The Weekend Budget." Enrol today at https://stoplazycash.teachable.com/p/the-weekend-budget/

Links
🥕 Subscribe to Carrott on Youtube: https://www.youtube.com/channel/UCJVWlpWQ6QERjKfJ4RXC36Q?sub_confirmation=1
(New uploads every Tuesday and Thursday)
🥕 Follow us on Twitter: http://twitter.com/carrott_slc
🥕 Follow us on Facebook: http://facebook.com/carrott.slc
🥕 Follow us on Instagram: http://instagram.com/carrott.slc
🥕 Visit our website: https://www.carrottslc.com/money-toolkit/
🥕 Budgeting Course: https://stoplazycash.teachable.com/p/the-weekend-budget/

Note: All information provided on this channel is for educational purposes only.