- Spend within your
means or under your means
- Start saving. 6 to 18
months of emergency monthly living expanses
- Payoff your loans with
the highest interest first
- Credit cards (24 % p.a.)
- Student loans (5% p.a.)
- Big houses are "really"
expenses (bank assets)
- Cars should be a no-no
unless absolutely necessary
- 50/30/20 budget (of your take-home
salary)
- 50% goes to daily expenses
- 30% to lifestyle wants
- 20% remaining into savings
and investments
| Daily
Expenses |
Lifestyle
Wants |
Savings and Investments |
|
|
|
| Total = |
Total = |
Total = |
...
