When it comes to savings a good rule of thumb is to always?

When it comes to savings, a good rule of thumb is to aim to save at least 20% of your income. This can help build a solid emergency fund and contribute to long-term financial goals. Additionally, consider following the 50/30/20 budgeting rule, which allocates 50% of your income to needs, 30% to wants, and 20% to savings and debt repayment. Consistent saving, even in small amounts, can lead to significant financial security over time.