after tax income

What the 70-20-10 rule is The 70-20-10 budget rule is a simple way to split your after-tax income into three parts. It helps you plan how to spend, save, and reduce debt without tracking many small categories. In plain terms, you set aside 70% for living costs, 20% for savings and debt repayment, and 10% for other goals or giving. People use this budget method to see where money goes each month and to reserve … Read more