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Sep 16, 2017 @ 11:29

RCBC Savings bares the golden rule for budgeting money

 

Spend half of your money on needs and a fifth on savings.

RCBC Savings Bank wants to raise a generation of financially stable and responsible depositors. To help them plan their spending activities better, the lender bared this rule of thumb for every paycheck.

The ideal mix would be to spend 50% of one’s salary on needs and bills, 30% on rest and recreation, and keep 20% as savings.

#RSBTipThursday It's payday! Think before you spend.You may want to consider the 50-30-20 rule as your guide for budgeting. #WeBelieveInYou #RCBCSavingsBank

Posted by RCBC Savings Bank on Wednesday, September 13, 2017

Sounds like a smart plan!

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