7 Rules for Saving Money (that one day might save you)

1. 50/30/20 Budget Rule

Allocate your income into:

• 50% Needs (Food, Housing, Insurance, Utilities, Transportation)

• 30% Wants (Travel, Fashion, Entertainment)

• 20% Savings (Emergency fund, Debt, Investments, Retirement)

2. 1% Rule for Impulse Buys

If an item costs over 1% of your annual gross income, wait 3 days.

Often, you’ll realize you don’t really want/need it.

3. The Rule of 72

Divide 72 by your annual return rate to estimate how long it takes to double your money.

4. 401(k) Match Rule

Max out your employer match—it’s free money toward retirement.

5. 3X Emergency Fund Rule

Keep 3–6 months of income saved.

“When a rainy day comes, you’ll weather the storm.”

6. The Rule of Automation

Automate your saving/investing to build wealth effortlessly.

(Book rec: I Will Teach You To Be Rich by Ramit Sethi)

7. Item In, Item Out Rule

Buy one thing, donate or toss one thing.

Minimalism = balance.

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