Have you ever heard of the 80/20 rule of thumb? What Is The 80/20 Rule Of Thumb? This principle, also known as the Pareto principle or the law of the vital few, suggests that 80% of the effects come from 20% of the causes. In other words, a small proportion of inputs or activities can … Read more
Money is one of the most important resources in life. It is essential for meeting our basic needs, fulfilling our aspirations, and building the life we want. However, managing money can be challenging, especially if we don’t have a clear plan or strategy. This is where financial principles such as the 80 10 10 rule … Read more
Budgeting is a critical aspect of personal finance. It is a process of creating a plan that outlines your income and expenses. Effective budgeting is necessary to ensure that you can meet your financial obligations, save for emergencies and future goals, and avoid debt. One popular budgeting rule that can help you manage your finances … Read more