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Experian shares 10 ways to help trim back spending, bring in extra cash and shape up finances for the year ahead.
The 50/30/20 rule is a smart choice if you're just getting started with budgeting or the nitty-gritty details overwhelm you. Check on your budget regularly and make adjustments as needed.
I have nothing against the classic 50/30/20 budget—if it works for you, that's great. However, that sort of budget locks you into fixed spending ratios that may not make sense for your lifestyle.