What is the 75 15 10 rule?

Photo by Jan Kahánek on Unsplash

The 75–15–10 rule, a fundamental guideline in finance and budgeting, serves as a strategic framework for managing income. Often applied in personal finance, this principle allocates percentages of one’s earnings to distinct financial priorities: 75% for living expenses, 15% for saving, and 10% for debt repayment or investing.

Primarily, the rule underscores the importance of maintaining a balanced financial…