Personal Budget Tracker
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The 50-30-20 budgeting method is a simple approach to manage personal finances by dividing income into three main categories:
50% for Needs: Half of your income goes towards necessities like rent, groceries, utilities, and transportation.
30% for Wants: Set aside 30% for non-essentials like dining out, entertainment, or hobbies.
20% for Savings and Debt Repayment: Allocate the remaining 20% to savings, investments, or paying down debt.
