# Budget

*Everyday Money — Finicade finance glossary*

A plan for where your money goes before it goes there. The popular 50/30/20 version sends roughly half of take-home pay to needs, 30% to wants and 20% to saving or paying down debt — the point isn't precision, it's that every euro has a job.

**Also known as:** budgeting

**Related terms:** [The 50/30/20 Rule](https://finicade.com/glossary/50-30-20), [Cash Flow](https://finicade.com/glossary/cash-flow), [Emergency Fund](https://finicade.com/glossary/emergency-fund), [Net Worth](https://finicade.com/glossary/net-worth)

**Taught in:** Money Basics — Where Does Your Money Go?

Source: https://finicade.com/glossary/budget