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When trying to save money, a good starting point is the 50 30 20 rule. In this video I teach you which each value means and go through a practical example on how you can try to get closer to this rule. It is important to note that this rule is not set in stone and is meant to be a guide towards financial stability. Support me by becoming a member:    / @stevesteacher   Check out the financial literacy course playlist:    • Financial Literacy Course   A massive thank you to Khan Academy for making this course possible: https://www.khanacademy.org Get 15% off on your first order from Silkworm Shop https://silkwormshop.co.za/ by using my code: REFCKBQAESCC9 Subscribe for more videos! YouTube: https://www.youtube.com/stevesteacher... Odysee: https://odysee.com/$/invite/@steveste... For more programming videos, feel free to subscribe to my 2nd channel:    / @programmervibe   Crash Courses:    • Crash Courses   C++ Programming Tutorials:    • Full C++ Programming Crash Course - Beginn...   Lua Programming Tutorials:    • Full Lua Programming Crash Course - Beginn...   Love2D Game Dev Tutorials:    • Love2D Game Dev Tutorials   Nim Programming Tutorials:    • Nim Tutorials   Become a Web Developer:    • Become a Web Developer   Python Programming Tutorials:    • Python Tutorials   PHP Tutorials:    • PHP Tutorials   HTML Tutorials:    • Full HTML Crash Course for Beginners to We...   JavaScript Tutorials:    • JavaScript (Tutorial)   Bootstrap Tutorials:    • Full Bootstrap Crash Course for Beginners ...   CSS Tutorials:    • CSS Crash Course for Beginners to Web Design   Delphi Programming Tutorials:    • Delphi Programming - Full Beginner Crash C...   Pascal Programming Tutorials:    • Full Pascal Programming Crash Course - Bas...   Linux Tutorials/Videos:    • Linux Videos   How-to videos:    • How to   Godot Game Dev Tutorials:    • Godot Game Dev Tutorials   TKinter Tutorials:    • Tkinter Tutorials   Web Scraping/Beautiful Soup Tutorials:    • Beautiful Soup Tutorial   MySQL Tutorials:    • MySQL Tutorials   Japanese Lessons:    • Japanese Lessons   You can contact me on: Email: StevesTeacherYT@gmail.com Discord:   / discord   Hey there!!! Wanna help support the channel :D? Ko-Fi: https://ko-fi.com/stevesteacher Liberapay: https://liberapay.com/stevesteacher/ PayPal: https://www.paypal.com/donate/?hosted... YouTube Member:    / @stevesteacher   Any suggestions? Leave it in the comment section or contact me somewhere else! Odysee Links: Python Programming Tutorials: https://odysee.com/@stevesteacher:0/P... C++ Programming Tutorials: https://odysee.com/@stevesteacher:0/C... HTML Tutorials: https://odysee.com/@stevesteacher:0/H... Tkinter Tutorials: https://odysee.com/@stevesteacher:0/T... Linux Tutorials: https://odysee.com/@stevesteacher:0/L... Lua Tutorials: https://odysee.com/@stevesteacher:0/L... Love2D Game Dev Tutorials: https://odysee.com/@stevesteacher:0/L... Delphi Tutorials: https://odysee.com/@stevesteacher:0/D... MySQL Tutorials: https://odysee.com/@stevesteacher:0/M... Thank you for watching! #stevesteacher #financialliteracy #finance #learnfinance #financialplanning #financialeducation #503020rule #moneyrules