7 Tips To Become Financially Independent

Apply the 50/20/30 Rule

Since you are now well informed on where you’re spending your money, you can now begin practicing the 50/20/30 rule of spending your money.  Spend the 50% of your budget to your absolute necessities like food, bills, and rent. Second, put 20% to your financial obligations like your loans and debts.Lastly,30 % of budget to your personal purchases like your internet bills and cellphone expense.

 

2. Apply the 50/20/30 Rule