The 60-40 Rule is actually a dual rule, meaning that it means more than one thing (in this case two).
The 60-40 Rule applies to the balance of your income and expense. Never let your expenses become more than or exceed 60% of your income.
Within the 60-40 Rule: 10% is the Tithe, 30% is balanced between various savings and investment strategies and instruments and the remaining 60% covers expenses.
Back to Top
|
