Your Wants (30%)—
Wants are all the things you spend money on that are not absolutely essential. Such as your netflix subscription, dining out, vacations, hobbies, and shopping.
It's important to enjoy life and indulge in things you love. So try to allocate around 30% of your income towards fulfilling these desires.
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Finance management is important, without which we will always struggle no matter how much money we make.
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Similar ideas to Your Wants (30%)—
Needs, wants and savings
- Needs: these are those bills that you absolutely must pay and are the things necessary for survival (rent or mortgage payments, car payments, groceries, insurance, health care, minimum debt payment, and utilities).
- Wants: these include all the things...
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