• 4 Posts
  • 719 Comments
Joined 2 years ago
cake
Cake day: November 6th, 2023

help-circle










  • I do a lot of budgeting, and I use the “pool” method.

    A lot of people recommend the 50-30-20 rule: 50% of your money goes to fixed expenses, 30% goes to discretionary spending, and 20% to savings.

    I tweaked that a bit and made it 60-20-20*, with the 60% being for essentials…things like clothing is included.

    That 20% goes towards any guilt-free spending. I’ve covered everything I need, and this is money I’m allowed to spend on whatever I want…guilt-free.

    EDIT: I accidentally said 60-20-30 instead of 60-20-20.