Budgeting can feel restrictive, but the 50-30-20 rule makes it simple and flexible. Learn how to use this framework to take control of your finances.
What Is the 50-30-20 Rule?
- 50%: Needs (rent, utilities, food, transportation)
- 30%: Wants (entertainment, dining out, hobbies)
- 20%: Savings and debt repayment
How to Apply It
If you earn ₱50,000/month:
- ₱25,000 on needs
- ₱15,000 on wants
- ₱10,000 on savings/debt
Why It Works
This rule is flexible, realistic, and proven. It lets you enjoy life while building financial security.
Apply the 50-30-20 rule with Caban. Track your spending by category and see if you're on target. Download now.