This article is translated from Ahorra en 3 pasos.¿Conoces la regla de ahorro 50/20/30? from Capitalizarme.

The 50/20/30 savings rule will help us organize our finances better.

50% for your basic needs and debts

Be it rent, mortgage, bills, community management fees, food, services etc. Living expenses are inevitable. Maybe you are lucky that your expenses are less than 50% of your income. In this case, do not waste the rest on unnecessary items. Add it to the next percentage of this saving rule.

20% goes to your saving accounts

Es importante tener algo de dinero guardado para el futuro, ya sea cercano o lejano. Sin importar cuáles puedan ser tus planes o si no has pensado en ello, te darás cuenta de que tener un colchón es un gran alivio.

It is important to save money for the future, be it near or far future. No matter what is your plan or if you have one, you will soon realize having some savings is a great relief.

30% for personal expenses

You want to use this part for your entertainment activities, for things that are not necessarily needed, like travel or any other idea you have in mind. But be careful, this doesn’t mean that you are going to spend your money in a bad way. You only use it for entertainment.

Remember to organize your resources and detail your expenses as a basic step to organize your finances.