Fun Fact #9

The Pareto principle has been seen working in various fields, and domains:

• Sales and Marketing departments recognised that 20 percent of the customers brought 80 percent of the products, and 20 percent of their sales force made 80 per cent of the sales.
• Businesses realized t...

In a 'zero-based' budget, where we are putting every dollar to work for us, we have to put aside some 'fun money', a budget line for our fun activities, like a fancy cappuccino or the new shoes we desire.

Fun Money is not an excuse to be wasteful but a way to stick to your budget.

We have never considered this before but the same principle applies to our lives.

• The kind of food we eat, only 20 percent of it really matters.
• The people we meet, 80 per cent of those are not worth meeting.
• The stuff we buy (like clothes and gadgets), 80 percent o...