ElevenLabs_2024-07-21T17_57_42_Brian_pre_s50_sb75_se0_b_m2

To summarize, it is important to create a realistic budget by setting limits for different spending categories based on your expense tracking. The 50-30-20 rule suggests allocating 50% of your income for needs, 30% for wants, and 20% for savings and debt repayment. Next, create a realistic budget. Based on your expense tracking, set limits for each spending category. Allocate funds for necessities, savings, and discretionary spending. A good rule of thumb is the 50-30-20 rule. 50% of your income goes to needs, 30% to wants, and 20% to savings and debt repayment.