19/08/2022
๐๐จ ๐ฒ๐จ๐ฎ ๐ค๐ง๐จ๐ฐ ๐ญ๐ก๐ ๐๐-๐๐-๐๐ ๐ซ๐ฎ๐ฅ๐ ๐ข๐ง ๐๐ฎ๐๐ ๐๐ญ๐ข๐ง๐ ?
It means 60% of your income can be allocated ๐๐๐ ๐๐๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐๐๐ which includes your rent, utilities, food, education of children, amortization for car, etc
Check: If your exceeding the 60% threshold, it could be that ๐ข๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐ ๐ข๐๐ ๐๐๐๐๐๐ ๐๐๐๐
Is your loan more than 30% of your basic expenses?
If yes, let us start reducing this little by little.
20% ๐ญ๐ช๐ง๐ฆ ๐ด๐ต๐บ๐ญ๐ฆ ๐ฆ๐น๐ฑ๐ฆ๐ฏ๐ด๐ฆ๐ด We want to enjoy our money that is why we should also allocate funds we can use for travel, eating out, shopping, gadgets, etc.
The ๐ฐ๐ต๐ฉ๐ฆ๐ณ 20% ๐ธ๐ฆ ๐ด๐ฉ๐ฐ๐ถ๐ญ๐ฅ ๐ด๐ข๐ท๐ฆ ๐ข๐ฏ๐ฅ ๐ช๐ฏ๐ท๐ฆ๐ด๐ต ๐ง๐ฐ๐ณ ๐ฐ๐ถ๐ณ ๐ณ๐ฆ๐ต๐ช๐ณ๐ฆ๐ฎ๐ฆ๐ฏ๐ต. This is for our future self na hindi na nagtatrabaho.
Remember, it doesnt matter how much you earn, but how much you save.