What rule(s)is (are)a good way to allocate your money?

Question

Quizplus · Accepted Answer

Both the 80-10-10 rule and the 90-10 rule are good ways to allocate money. The 80-10-10 rule suggests that you allocate 80% of your income towards expenses, 10% towards savings, and 10% towards investments. The 90-10 rule suggests that you allocate 90% towards your expenses and 10% towards your savings and investments. Ultimately, the best choice will depend on your personal financial goals and situation.

What Rule(s)is (Are)a Good Way to Allocate Your Money