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How does the 50/30/20 budget rule work?The 50/30/20 rule splits your take-home pay into three parts - 50% for needs, 30% for wants and 20% for savings and debt repayment. Here's a worked example, where the rule breaks down, and what to try instead.October 18, 2026

What is an emergency fund, and how much should you have?An emergency fund is cash set aside only for unexpected costs. The usual target is three to six months of living expenses, kept somewhere you can reach quickly. Here's how to work out your own number.October 18, 2026