what are some popular personal budget rules 
two commonly used personal budgeting methods are the 50 20 30 and 70 20 10 rules and their simplicity is what makes them popular the first entails dividing your after tax take home pay into three areas needs 50 savings 20 and wants 30 the 70 20 10 rule also follows a similar blueprint recommending that your after tax take home income be divided into segments that cater to expenses 70 savings or reducing debt 20 and investments and charitable donations 10 