A simple method
List your income, then your fixed costs (rent, bills), then your spending. Whatever is left is for saving and goals. A common starting split is needs, wants, and savings.
Make it stick
- Automate savings on payday before you spend.
- Review once a month, not every day.
- Use a budgeting app to track without effort.
Frequently asked questions
What is the 50/30/20 rule?+
A rough guide: about half your income to needs, a third to wants, and the rest to savings and debt. Adjust to your life.