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Showing posts from September, 2025

The 50/30/20 Rule for Budgeting: A Simple Guide to Manage Money

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Managing money is one of those skills that we all need but rarely get taught in school or college. Most of us learn about finances through trial and error, often making mistakes along the way. If you have ever reached the end of the month wondering, “Where did all my money go?” , you’re not alone. The good news is that money management doesn’t have to be complicated. There’s a simple budgeting method called the 50/30/20 Rule that can help you take charge of your income, reduce stress, and still enjoy life. Whether you are a student, a young professional, or someone managing a family budget, this rule can work for you. What is the 50/30/20 Rule? The 50/30/20 Rule is a simple budgeting formula that divides your income into three categories: 50% for Needs – These are the essential expenses you can’t avoid. 30% for Wants – These are the lifestyle choices that add comfort and enjoyment. 20% for Savings and Debt Repayment – This ensures you’re building a secure financial future. The rule ...

Top 10 Passive Income Side Hustles for Students

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Introduction Student life is exciting, but also a financial struggle. Whether it's tuition, books or everyday expenses, there never seems to be enough money to cover everything. In addition, part-time work combined with academic studies can be draining. That's why many students these days have started looking for passive income side hustles - income streams that bring money without you constantly working. Of course, passive income isn't synonymous with "money for nothing." Most of these ideas need a little initial effort, but once they're up and running, they continue to generate income in the background. When I was in college, I attempted to sell my old notes online. It wasn't much, but the extra money allowed me to pay for better study material without needing to ask my parents. So, if you're looking for ways to ease financial stress and acquire real-world money-making skills, here are 10 actionable passive income side hustle ideas for students. 1. S...