Stuck trying to budget your finances? There is a simple method that could be just what you need.
The 50/30/20 method involves 50 per cent of your post-tax income going on 'essentials', 30 per cent being spent on your 'wants' and 20 per cent going to 'future wealth'.
But what does it mean, how does it work and how can you put it into practice?
Want to know more? Click above to watch the video, where This is Money publisher Simon Lambert explains.
