50-30-20 budget plan.

Today I was looking at various financial websites when I stumbled upon Msn's financial column. I began to read the information and found the 50-30-20 budget plan. I never heard of this before, so I furthered my inquiry. In doing so, the article breaks down that we need to allocate funds for 50% of our needs, 30% of our wants and 20% of our savings. The column is so informative, that it actually lets users have access to a "budget calculator". While there you can input your information from bills, entertainment, and other expenses. After all the information is computed, there will be be a pie chart that displays what you are currently doing with your money, and then another one that shows the 50-30-20 way. I believe this is definitely a useful tip for those who want to become financially literate and one day become financialy stable! Check it out!!!

-George Butler