09/10/2012 11:52 am ET Updated Dec 06, 2017

The 50-30-20 Rule, From Alexa von Tobel (VIDEO)

Alexa von Tobel, Founder & CEO,, explained the 50-30-20 Rule when she joined me on Mondays With Marlo. This method divides your paycheck into three parts -- money for essentials, money for the future and money for fun.

For more fantastic financial advice, see Alexa's personal finance tips:

Personal Finance Tips From Alexa von Tobel

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