The 50/30/20 Budgeting Rule with Ro$$ Mac | SoFi

Budgeting with Ro$$ Mac Presented by SoFi. Financial educator Ro$$ Mac shares tips on budgeting, including how to use the 50/30/20 rule to keep your money working for you. The 50/30/20 budgeting guideline can help you prioritize spending, saving and paying down debt. The principle allows you to focus on the proportion of your money going to different priorities compared to tracking every dollar you spend. The idea is to focus on spending about 50% of your money on needs, 30% on wants, and 20% on saving and paying down debt. Ro$$ Mac is a financial literacy champion, former Wall Street professional, and entrepreneur (as well as a musician and philanthropist) and who focuses on simplifying the often confusing world of finance. About SoFi: A finance company that can help you get ahead. Get Your Money Right® with SoFi. Connect with SoFi: Subscribe to SoFi on YouTube: https://www.youtube.com/channel/UCuoYE0bfkZCwaspBVQ59jfQ?view_as=subscriber?sub_confirmation=1 Like SoFi on Facebook: https://www.facebook.com/SoFi/ Follow SoFi on Twitter: https://twitter.com/SoFi Follow SoFi on Instagram: https://www.instagram.com/sofi/ Follow SoFi on LinkedIn: https://www.linkedin.com/company/sofi/