FINANCE

The year is already half over, which begs the question: “Are you on track to meet your financial goals?” If not, there’s time for you to get back on track.

Try remembering the 50-20-30 rule when it comes to deciding how to spend your paycheck.

*Half of your paycheck should be used for musthave expenses such as housing, bills and food.

*20 percent of your paycheck should be put into a savings or retirement account or set aside for unexpected emergencies that arise.

*30 percent of your paycheck can be used for niceties like Internet service, a fun night out with friends or additional channels for your satellite or cable.

Source: budgeting.thenest.com/much-shouldpeople-save-paychecks-21852.html