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70 goes on bills and living
10 goes to saving/investment account
10 goes to items you don't need, but we buy anyway. We still need to enjoy life.
10 goes to charity/churches/helping others etc
Budgeting:
Part of effective money management and wealth creation is accounting for your coin. If you have no idea where your money is actually going , you don't have a chance of controlling and growing it.
As we travel our journeys, our lives become more complicated. Most of us juggle family, friends, careers, health and money and usually we do a pretty good job of balancing these matters out. Unfortunately though , some people engage in a real tangle and tussle exercises when it comes to the money side of things. This occurs for several reasons, often through no fault of your own. That aside, the result is the same. People end up feeling pressured and frequently depressed over their financial affairs.
To avoid becoming tied up in over the green stuff, budgeting is and essential exercise we should engage in. Everybody in my books should do it. It dosent matter if you are and individual, a family unit, a company or a government. It dosent matter if your extremely rich or poor. It dosent matter if you're self-employed or work for someone else. It dosent matter if you earn $30k a year or $3million a year. The bottom line is we all need to know whats coming in, and whats going out, and most importantly, what the gold coins are actually doing for us.
So the best way to manage money is budget. Money secrets 101
