The simple budgeting rule that works for any income. Know where every dollar should go.
Marcus High-Yield Savings earns 4.5%+ APY with no minimums. Start earning on your 20% savings allocation today.
Open a Marcus Savings Account →50% Needs: Rent/mortgage, groceries, utilities, insurance, minimum debt payments, transportation to work. If needs exceed 50%, cut fixed costs or increase income.
30% Wants: Restaurants, streaming, gym, clothes, hobbies, travel. Cut here first when saving for a goal.
20% Savings: Emergency fund, 401(k), IRA, extra debt payoff. Automate this transfer on payday — pay yourself first.
Common in expensive cities. Use 60/30/10 instead. Prioritize getting savings to 20% over the exact split — the savings target matters most.
Use a free app like YNAB, Mint, or just a spreadsheet. Review monthly to see where you're over/under each category.
Is this client worth it? True hourly revealed
Package delivery income taxes + mileage
Which saves more after tax?
True cost to hire in PA with taxes & benefits