In celebration of National Financial Literacy Month, Nusenda is rolling out a great new resource for anyone wanting to expand their personal finance skills. We've teamed up with Banzai, an award-winning online program and content library that allows you to practice real-world finance from the safety of your home using any internet-enabled device, like a laptop, tablet, or even a smartphone! Clear, in-depth lessons will help you dive into the financial topics that matter most to you, your family, and your community.
This month's financial literacy tip: The 50/30/20 rule is a simple, practical rule of thumb for individuals who struggle to budget. It offers guidelines for enjoying your income while putting savings on autopilot. Some folks will disagree, calling it too lenient or too strict, and that's fine. Skilled budgeters and savers will develop their own habits and can be as disciplined as they like. But, if budgeting isn't natural to you — especially if you're young, and you've avoided deep debt — the 50/30/20 rule gives you strong guidelines about needs, wants, and savings.
Learn more about the 50/30/20 rule.