A rule of thumb refers to something that can be easily learned and easily applied to a situation. These rules are mostly based on practical experience and are present everywhere, including investing. So, in this article, we look at 11 popular thumb rules that you can use in growing, saving, and managing your money.
• The rule of 72.
• The rule of 114.
• The rule of 70
• 10-5-3 Rule
• 100 minus age rule
• 4% withdrawal rule
• The 50-30-20 rule
• The 3x emergency fund rule
• 1 week spending rule
• The 40 EMI rule
• 20x life coverage rule