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80/ Rule of Thumb vs 50/30/ Rule of Thumb The 50/30/ plan is sound advice, but it can be tough to discern what's a want and what's a need For example, there are some clothing items you need You might need specific clothes for work and you need essential items toYou can be a little flexible in the needs and wants categories if your financial situation merits it The 50/30/ rule may not work for people with very low or high incomes Someone who works a minimum wage job might have to dedicate more of their income to necessities, leaving themselves with 50 30 Budgeting Rule Isolated Vector Stock Illustration 50/20/30 rule definition