Budgeting & the 50:30:20 Rule

“For context, I'm a 26 year old ✨teenager✨ who doesn't know how to be financially responsible. I've been struggling with budgeting and Khan Academy has been a very great free resource to learn about financial literacy. Some of this might be basic info, but if you're someone like me, this might actually be helpful. This lesson explains the 50:30:20 budgeting rule: 50% → needs 30% → wants 20% → savings”