Emergent: May 2019
This month: the versatility of 50–30–20, and how to use this popular rule for managing personal finances for almost anything.
Emergent is a monthly newsletter that features Noah’s ideas, writing, podcasts, and other things that are capturing his attention. Subscribe here.
This month, I’m doing something a little different.
I’m having Alyssa Powell do a “takeover” of the newsletter. Alyssa is part of our marketing team at Palo Alto Software, and has some interesting thoughts on how to take a popular rule for managing your personal finances and leverage it into a tool for managing almost anything.
Thanks for reading!
Noah
Can the 50–30–20 rule be versatile?
Here’s the TL;DR on the 50–30–20 rule: It’s the breakdown of spending 50 percent of your income toward necessities, 30 percent of your income toward the fun stuff, and 20 percent toward savings.
Here’s the deal — yes, strategies and tactics are huge for creating a money system. Without strategy, you might not meet the milestones and money goals you’ve set up yourself.
But I think there’s a problem with this rule that isn’t addressed.
The rule tells you what to do with your money — it doesn’t explain how to keep maintaining the rule to make it successful for you.
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