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Learn how this budget plan works, how to put it into action, and if it’s the right fit for you. aslysun / Shutterstock.com
Editor’s Note: This story originally appeared on The Penny Hoarder. Figuring out and sticking to a budget isn’t super fun for most people, but it certainly is a smart way to handle your money. The 50/20/30 rule is one of many budgeting plans that help us get spending under control. This plan works well for households where no more than 50% of the money coming in is spent on living expenses.
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