Lesson 1 of 3 · 6 min

The 50/30/20 budget

Split take-home income: 50% needs, 30% wants, 20% savings and debt repayment.

Track spending for one month before setting limits — reality beats guesses.

Practice

Write down last month's spending and sort each item into needs, wants or savings.

+50 pts

First payday

You receive €1,000 in take-home income and follow the 50/30/20 budget.

1. How much goes to savings and debt repayment?

€500€300€200€100

2. First step before budgeting?

InvestTrack spendingGet a loanCut all wants

Optional resources

No purchase or partner signup is required to complete this course or earn quiz points.

These are official product links, not active affiliate links. Learnly does not currently earn a commission from them.

Compare exchange costs while exploring international money transfers.

Eligibility varies by country and age; transfers and some features carry fees.

Explore spending categories and budgeting features.

Eligibility and plans vary by country and age; fees may apply. No deposit required for this course.