Ans:
In her book, “All Your Worth: The Ultimate Lifetime Money Plan”, Senator Elizabeth Warren popularised the so-called "50/20/30 budget rule" (also known as "50-30-20"). The primary approach is to divide after-tax income into three categories and spend 50% on necessities, 30% on desires, and 20% on savings. This can help you go a long way while creating a family budget.