1-2-1: The 50-30-20 Rule and The Benefits of Fresh Air
Happy One 2 One Day!
Here is 1 tip, 2 quotes, and 1 habit to consider this month.
1 Tip: The 50-30-20 Rule
Have you heard about the 50-30-20 rule? It's a simple way to plan a budget. Start by dividing your after-tax income into three spending categories:
- 50% for needs
- 30% for wants
- 20% for savings or paying off debt
If your "needs" category exceeds 50%, you may need to rethink your “wants” category and plan accordingly. The 30% allocated for extras could include gym memberships, entertainment, and travel. Plan a budget for the month and see what you can cut.
Finally, apply 20% of your budget toward savings and debt. Knowing where your money is going can be an eye-opening experience. When you commit to a plan, the payoff will be worth it!
2 Quotes From Others
“Do not save what is left after spending, but spend what is left after saving.” – Warren Buffet
“The clearest way into the Universe is through a forest wilderness.” – John Muir
Did you know that spending just one hour outside every day can boost your memory performance and attention span by 20 percent? Additional benefits include lower blood pressure and reduced cortisol (stress hormone), reduced symptoms of anxiety and depression, and generally feeling more calm.
Here are a few ways to integrate the outdoors into your everyday life:
- Walk or run – with a group, by yourself, or make it a family activity
- Take photos of nature
- Create nature-inspired art
- Go hiking or camping
- Visit a national park
Getting fresh air and connecting with nature is good for your health! If you don’t already spend time outdoors, give it a try.