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Kundan Motwani

3rd May 2025 · SEBI-Registered Analyst

📅 Wants vs Needs: Budgeting Basics

If you want to take control of your money, start with knowing where it goes. And that begins with a simple idea: Wants vs Needs. ✅ Needs = Essential stuff like rent, groceries, EMIs, bills ❌ Wants = Eating out, online shopping, OTT, weekend getaways Try this golden rule: 50/30/20 Rule • 50% of your income → Needs • 30% → Wants (treat yourself — but smartly) • 20% → Savings & investments 💡 When you track your spending with this lens, it becomes way easier to save, invest, and hit your goals!

#PersonalFinance
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