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Popular 50-30-20 Budget Rule Is Gradually Becoming Outdated
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The well-known 50-30-20 rule for budget management may no longer align with today's financial reality. This is the conclusion of a large-scale study in which researchers analyzed nearly forty years of scientific research into personal financial behavior. Researchers Wenqian Shi and her colleagues examined 606 scientific publications on personal financial management between 1986 and 2023. In doing so, they looked at how financial knowledge, finan…
·Antwerp, Belgium
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