I've seen this '50/30/20 rule' recommend before, in the UK press (financial articles) and by banks [1] and financial resources.
I'm interested in it's origin, whether it still holds true today (is the advice still valid) and alternatives strategies for comparison (given today's current economical climate, rising inflation and interest rates).
I'm interested in it's origin, whether it still holds true today (is the advice still valid) and alternatives strategies for comparison (given today's current economical climate, rising inflation and interest rates).
[1] e.g. https://www.hsbc.co.uk/financial-fitness/everyday-budgeting/...