I asked AI, June 17 -- Whether the 50:30:20 budget rule fits my financial situation?? Here's what it said

I asked ChatGPT: What is the best budgeting rule? Many people follow the 50-30-20 rule: 50% for needs (rent, bills, groceries), 30% for wants (entertainment, dining out), 20% for savings and investments

How do I follow this approach with a salay of Rs.1 lakh, but a fixed liability of Rs.20,000 permonth (including edication loan, younger brother's education etc)

If you earn Rs.1 lakh per month and have a fixed liability of Rs.20,000 (education loan, supporting your younger brother's education, etc.), the traditional 50-30-20 rule needs some adjustment.

This structure ensures that despite your financial responsibilities, you still s...