What is the 80/20 budget?

The 80/20 budget is a financial plan that helps people manage their money while prioritizing saving. It’s basically a simplified version of the 50/30/20 budget.

The rule is simple — divide the after-tax income and allocate it as follows:

• 20% on savings
• 80% on everything else

Further Reading :

• Union Budget 2021 – 22
• Union Budget – Important Economic Terms