The 80/20 Rule and the 50/30/20 Rule of Finance are All Wrong!

    DETROIT, MI, December 23, 2022 /24-7PressRelease/ -- Are you trying to save money but don't know where to start? Josette Crumble, a leading financial coach, has the perfect solution for you! In this article, Josette debunks the 80/20 and 50/30/20 rules of personal finance and offers a new plan that actually works!

According to Josette, the key to successful saving is understanding your own spending habits. So don't wait any longer - read on to find out how you can start saving today!

The 80/20 Rule - Debunked
The 80/20 rule, which states that 80% of your income should go toward expenses and 20% should be saved, is often touted as the best way to save money. Wealth gurus, financial advisors, and bloggers all speak highly of it.

So who lives by it? Not the rich. Wealthy people don't save their money, they spend it on things that will help them grow their wealth. They invest in stocks, bonds, and mutual funds. Some use the interest of their investments to pay for their monthly expenses so they can free up more revenue to invest. The key to successful wealth growth lies not in saving, but in understanding how you spend your money.

The 50/30/20 Rule - Debunked
The 50/30/20 rule is the second most popular rule when it comes to saving money. It states that 50% of your income should be used for necessities, 30% for wants, and 20% for savings. But here's the issue: What is considered a necessity? That varies from person to person!

What one person sees as a frivolous item to waste money on is a necessity to someone else. So it's important to understand what kind of person you are and how much should be allocated for each category.

The Josette Crumble 2023 Savings Plan - A Better Solution
Josette's 2023 Savings Plan is a better way to save money. Instead of saving a certain percentage of your income each month, Josette recommends setting realistic goals and breaking them down into smaller, achievable tasks.

For example, setting a goal of saving $1,000 by the end of 2023. Then break down that goal into smaller tasks such as saving $50 per month or making an extra $200 per month to reach the goal more quickly. Of course, this figure will fluctuate depending on your location, income, cost of living, and much more. The point is to find a reasonable amount that you can save each month and stick to it!

You need to get Josette's 2023 Savings Plan!

Start Building Your Wealth "Breaking The Back Off Lack" is Josette's newest book on how to live comfortably within your means and set yourself up for success. Her book will provide you with a roadmap on how to build your wealth in an efficient and sustainable manner. By understanding your spending habits and creating achievable goals, you can achieve a secure financial future. Josette's book is the perfect way to start building your wealth and achieving prosperity.

Don't wait any longer — challenge yourself by rethinking what it means to spend money. Invest in yourself by reading her book "Breaking The Back Off Lack" on Amazon today.

Josette R. Crumble
A native Detroiter, mother, businesswoman, and serial entrepreneur shares her journey to healing in a book on grieving. Having experienced a great number of losses in a two-year period, she shares her tragedies and triumphs in dealing with deaths from COVID, cancer, and other causes. It is her desire to share her story to help others develop strategies to cope with grief.

Ms. Crumble is the founder of New Order Diversified Services LLC, a business and financial consulting firm F.I.T. Fixer Corp, a personal financial coach business, and That Girl Gone Vegan, a vegan eatery business that advocates health and wellness.

# # #