One of the most common mistakes people make when budgeting is confusing needs and wants. This is where the 50/30/20 rule comes in handy. This rule, popularized by Senator Warren and her daughter in a personal finance book, suggests that people should allocate 50 percent of their budget to needs, 30 percent to wants, and 20 percent to savings or paying off debt. This framework helps people avoid the mistake of overspending on wants at the expense of their needs and savings. However, as Daffy CEO and co-founder Adam Nash points out, this rule is generic and everyone's financial situation is different. It's also important to note that in personal finance, it's your long-term patterns of behavior that matter, not necessarily sticking to a rule every day or every week. This is where Daffy comes in as a great option for a Donor-Advised Fund (DAF). Daffy encourages its members to incorporate charitable giving into their financial planning. This way, you can establish a sustainable giving habit without sacrificing your own financial stability. As Daffy member Jared Carr puts it, it's about creating a margin in our lives for generosity, living within your means, taking care of your debt, and still valuing things that are important to us. Many Daffy members start by setting aside as little as $10 each week or $25 per month. This approach aligns with the 50/30/20 rule, allowing you to meet your needs, enjoy your wants, save, and give back to the community. So, if you're looking for a simple rule to guide your budgeting and a platform to facilitate your charitable giving, consider the 50/30/20 rule and Daffy.