What is the 80 20 Rule in Personal Finance: A Key to Efficient Money Management
Tinseltown / Shutterstock.com The 80/20 rule, also known as the Pareto Principle, is a concept that can significantly influence various aspects of life, including personal finance and budgeting. Originally developed by economist Vilfredo Pareto, this rule suggests that approximately 80% of outcomes are derived from 20% of inputs. When applied to personal finance, the 80/20 rule […] More