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How realistic is the 50/30/20 rule?
How realistic is the 50/30/20 rule? Even when I was savings somewhat aggressively, I only managed a 30% savings rate, which included pre-tax 401k and HSA contributions. The other 70% went to "needs": rent, utilities, food, car, gas, insurance, etc. I live in a MCOL area and make 30% over the median individual income. I have a roommate. I spent almost nothing on wants. Maybe 5% or...
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