you ask, sneh answers: 50/30/20 or what?

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happy thursday lil bees! I’m back this week with a you ask, sneh answers article.

This last weekend, I got this text from a subscriber around my article around women in the stock market.

TL;DR: the last article mentions a canonical rule called 50/30/20, which suggests dividing your take-home income into in three categories of spending: 50% of net pay for needs, 30% for wants and 20% for investing/savings. They’re asking, is this something I believe in or is there something else people should follow?