NEEDS 50%

It breaks down your budget categories into three broad segments:

• 50%: Essential Expenses like housing, automobile expenses, groceries, insurance, utilities, etc.
• 30%: Discretionary Expenses (Non-essential) like Dining out, entertainment, drinks, etc.

The most common buckets are:

• Expenses, or your needs: housing, food, transportation, clothing, insurance, childcare,  etc.
• Debt - monthly debt obligations: personal loan, student loan, auto loan, and credit card payments etc.
• Savings, including fund...

• 50% of your income goes toward essential expenses: rent, bills, minimum debt payments.
  
• 15% percent goes to retirement savings. They also suggest you increase this by 1% each year.
  
• 5% goes toward unexpected monthly expenses or building an emergency...