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How to make the best out of your monthly finances with the 50-30-20 budget method?

What do Jagger gift cards and the 50-30-20 budget method have in common?

All you need to know to understand what Jagger’s gift card opportunities and the 50-30-20 budget method have in common.

At Jagger, we firmly believe that the added value we bring to our users goes beyond our tree-planting mission and the extra rewards and gift cards you can earn with Jagger . That is why it is important to factor in different budget methods to allow you to better optimize, control, and plan your finances.

Inflation and the rising costs of living became part of our new daily life. With the significant increase in expenses compared to income, it is imperative to organize and better coordinate expenses. How? By following a budgeting method, you will have more control and power over your earnings and expenses.

What is the 50-30-20 Budget Method?

Today we will be discussing what is the 50-30-20 method, how you can apply it, and the advantages it will bring to your life.

Originating from the belief that we don’t need an overcomplicated budget method to organize our finances, the 50-30-20 is a simple yet effective budget method.

How does the 50-30-20 Budget Method work?

This method consists in dividing different percentages of your income after tax in the following way:

50% for Needs – in other words, for your fixed expenses such as rent, utilities, health insurance, monthly groceries, transport, etc.

30% for Wants – this category is for the fun extras such as gym memberships, meals out, new clothes, holidays, or any other extra you may want to include.

20% for Savings – this means that from a salary of $3,000, you should be saving $600. Having an emergency fund, or starting to save for your dream house will come in handy sooner or later, so why not start it today?

How can earning gift cards with Jagger come in handy?

We understand your side and know that the “wants” aka fun stuff having only 30% of money allocated seems small, that is why, at Jagger, we are proud to know that our gift cards can be used as an extra reward that will add up to this category. 

Do you have something special in your mind or in your wish list? Then check out our Jagger gift card partners, we are sure you will find what you are looking for.

Need more ideas? Don’t worry, we have prepared a list of convenient and cool purchases for under $10 here.

If you are not yet part of Jagger, then what are you waiting for?

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