The 50/30/20 Rule

A popular and effective way to structure your first budget in Equalize.

How does it work?

• 50% Needs: Housing, essential food, healthcare, transportation, basic bills.
• 30% Lifestyle & Wants: Restaurants, leisure, hobbies, non-urgent shopping.
• 20% Financial Goals: Debt payoff, investments, emergency fund.

Setting it up in Equalize

Group your base categories in Equalize to reflect these three large divisions. That way, you get an immediate view in the Budget Report of whether or not you are following the general rule.