The Rule of 50/30/20 vs. the rule of 80/20

[nomad]

Which one do you think is better for managing personal finance, the rule of 50/30/20 or the rule of 80/20? AS far as I am concerned, my favorite way to manage my personal finance is through the rule of 50/30/20

 

[bestwriter]

Please explain what these rules are. I have not heard of them so far. Thank you.

 

[Clandestine]

I believe the 50-30-20 model is better even though it is not even completely realistic.

 

[Hate2Wait]

To be honest, I am not following any such rule in my life but I feel the time has come when I need to follow these rules.