[Vehlijanta]

You can save money by following 70-20-10 Rule by dividing your salary Or income in this proportion and use the biggest chunk of 70% for your living expenses, 20% to pay any debt or to save and 10% to fun. You can adjust as per your choice and it does allow you to have an amount reserved for fun every month.

[Yugocean]

Is this rule experienced? Any such rule must have some experience.

[nela13]

70% for your living expenses, 20% to pay any debt or to save and 10% to fun

Where is the portion to save?
In my case, it will be 70% for monthly fixed expenses, 20% for savings (I don't have debts) and 10% for fun

[augusta]

Yesh it is good to adopt saving rules that can be helpful. it is good to always save money no matter the percentage

[Vehlijanta]

70% for your living expenses, 20% to pay any debt or to save and 10% to fun

Where is the portion to save?
In my case, it will be 70% for monthly fixed expenses, 20% for savings (I don't have debts) and 10% for fun

Yes you don't have debts so use that to save and you can change the ratio as per your convenience

[JASPREET]

I am not following any such rule but I won't mind saving 20% from my total earnings

[Nsikan]

I think this 70-20-10 model is more realistic than the other 50-30-20 model given the present economic circumstances.

[Presh]

I think 60 percent is perfect for living expenses. You can recoup the 10% for emergency savings while the other 20% savings is for capital projects. That way, you would have investment and emergency savings.

[augusta]

I think 60 percent is perfect for living expenses. You can recoup the 10% for emergency savings while the other 20% savings is for capital projects. That way, you would have investment and emergency savings.

Well I think the percentage should be according to how it suits us. Provided it would be working well for us.

[Nsikan]

I think 60 percent is perfect for living expenses. You can recoup the 10% for emergency savings while the other 20% savings is for capital projects. That way, you would have investment and emergency savings.

Well I think the percentage should be according to how it suits us. Provided it would be working well for us.

I believe the percentages he suggested were more realistic than any other model with this days and times.