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This rule takes the 80/20 rule to the next level to track additional categories. This ensures that you are living within your means while ensuring that you are saving a minimum of 20% to pay yourself first. Beyond this, the two rules differ but this is a ‘better’ approach and should be applied if you have successfully tracked your budget based on the 80/20 rule or have budgeted otherwise and are ready for a few additional parameters to follow. Jared created Millennial Margin out of necessity, as he has watched countless people schedule-away, mortgage-up, and max-out their lives. Margin is simply the antithesis, providing leeway in an increasingly margin-less culture. Subscribe for daily tips and discussions about how to better manage your personal finances and, by extension, your margin. Listen to the podcast: https://margin.simplecast.com/ Have a question? Contact Jared at jared@millennialmargin.com Follow Millennial Margin: facebook.com/millennialmargin, instagram.com/millennialmargin1, or simply visit millennialmargin.com Goal/Disclaimer: My goal with [Margin] is to prepare you with the knowledge but then inspire you to act on that knowledge. My goal is to be in your corner bridging the gap between your trusted CPA, attorney, and financial planner. My advice is simply from my own personal experiences and is not meant to override or replace professional advice from your trusted investment professional. The content found here is for entertainment purposes only. #503020rule #budgeting #personalfinance W12E4