MANAGING YOUR MONEY USING 50/30/20 RULE

MY REFLECTION:

Budgeting doesn’t need to be complicated.The 50/30/20 rule is straightforward monthly

budgeting method that tells you exactly how much to put towards your saving and your
living costs each month.
The 50/30/20 rule is an easy budgeting method that can help to manage your money
effectively,simply and sustainably.
Basic rule of thumb is to divide your monthly after-tax income into three spending categories:
50% for needs, 30% for wants and 20% for savings or paying off debt.

THE RULE OF 72

MY REFLECTION:

Rule is 72 is a simple formula that shows how quick your money will double at a given return
rate.
You will divide 72 by your annual compound interest rate and see how years it will take for
your investment to double.
If inflation decreases from 6% to 4% an investment will be expected to lose half its value in
18 years instead of 12 years.The rule of 72 can be applied across all kinds of durations
provided the rate of return is compounded annually.

BEST JOBS FOR 2021

MY REFLECTION:

Best jobs for 2021 in this video lesson you will know different kinds of jobs during this
pandemic it also lnow how to apply.You have to know what skills you have ,or you have this
skill to do this like you know how to edit.
In this lesson we learn about digital marketing,financial and insurance.Financial and
insurance servicing is a strongest needed during pandemic it is because fastest and easiest
planning.In the future you have many potential of this digital marketing because many
different kinds of insurance and invest plans to sell.

MY DREAM PROPOSAL

In the near future i want to be a successful business women.So that I can finance all the needs
of my family.To achieve those drams first I need to finish my studies and work to save
money and make it as a investment for my dream business which is Beauty salon.I will
manage it with all of my best things that I can and expect to make it grow and make many
Beauty salon branches all out the world.I also want my siblings to finish there studies so that
they can ave there own jobs.
10 years from now I want it to come true.My estimated salary is 25k and I want that to grow
triple every year si that I can save faster and invest that for my business.
To God be the Glory and may my dream proposal come true.