We often get confused on how to allocate our savings from our budget. True enough, it will be quite hard for us to know which is the best approach.
One tip we can share is the 50-30-20 rule. It’s a simple, sustainable, and effective way of saving money. How does it work? Here’s how!
Based on your salary:
- 50% goes to your utilities such as electricity, water, rent, etc.
- 30% goes to your savings.
- 20% goes to your “wants” such as shopping and dining.
It’s that simple!
If you need more help managing your finances, I'm here to help! Just fill in the form below so we can talk more about it!
