Make money, but don't spend money. My whole life will never be rich.

Friends, let's handle the money! With the 50-30-20 recipe I tried, the real work!

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1: Introduce the formula 50-30-20

• Last year I found the book 'Recipe 50-30-20'.

• It's a simple idea that works like a friend telling us how to allocate money, so you don't have to think a lot and get a headache.

• Just divide our salary into three main parts.

• And the cool thing is, it's helped us balance our money a lot better, not having to stress that bill anymore.

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Image 2: 50% for Essentials (Needles)

"First! First 50%. This is really for 'what to pay'."

• I mean...Super necessary! Indispensable each month

• Think about it: rent / installment, water, electricity, travel to work, regular eating, or insurance.

• He says this part is' absolutely prohibited from exceeding 50% of our salary 'or life will be uncomfortable.

• I put this money in our regular spending account so I can use it.

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Image 3: 30% for What Wants (Wants)

The theme: "Come to the second! 30%. That makes life colorful! This is the part of" what you want. ""

• I mean...Not necessarily, but if there is, then there is happiness.

• Imagine: Eating out with friends, watching movies, listening to music, traveling briefly, or buying new clothes that don't lack anything.

• He said that this part is important! Without it, it will feel uncomfortable. Too stressful.

• As for me, keep this sum separately in another account so that I can easily check how much I have spent so I don't exceed the limit.

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Image 4: 20% for Savings and Debt Repayment (Savings & Debt Repayment)

Topic: "And then the last chunk! 20% of the remaining 'save and pay debts'. This one, I can say 'most important'."

• If you really want to be rich, want to live comfortably in the future, need this.

• It includes:

❇ Emergency Reserve: In Case Of Really Emergency (Sick, Car Break, Unemployed)

❇ Investment: For big goals in life (e.g. casual retirement, child tuition)

❇ Pay the debt: focus on it, especially the brutal interest credit card debt

• I divide it like this:

❇ Emergency money is separated in one account

❇ Investment money goes to funds, stocks, gold or tax-free deposits (whichever type we like)

❇ As for the debt, take it away! Will be exhausted soon

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Image 5: How to implement and adjust the formula 50-30-20

"So how do 50-30-20 we use it?"

• We need to use our 'net' money (the money that actually goes into our account after tax) to divide it.

• The important thing is that it is not fixed.

❇ If our salary is not very large, or the cost of living in the neighborhood is extremely harsh, it can be adjusted! Maybe try to be 60 (required) - 20 (desired) - 20 (savings / debt).

❇ But if anyone wants to get rich or surpass their friends, they can increase their savings! 40 (Required) - 20 (Wanted) - 40 (Saved / Debt)

• Although easy to look at, you need a little trick to help.

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Image 6: Tips for Success in Using Recipes

Topic: "This is what I tried, and it's' real work '. Let's take it!"

• In the first few months, you can write down everything you pay for the first few months, you can see where our money flows, and then you can share what is needed, what is wanted.

• Really know our 'net' salary! Is the money that really goes into our account after tax, not before deduction.

• Limit the 'essential value'! 50% is the most difficult to cut. Have to plan well.

• Set up "Automatic Savings Transfer"! This is great! When the salary is released, it will be deducted to invest by ourselves. Comfortable. We do not need to remember.

• You have to do it 'consistently'. Do it for one month and then quit. You really have to do it every month.

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Image 7: Advantages of the formula 50-30-20

Topic: "This is my favorite" advantage. "Using this formula, life is much better!"

• Very 'easy to use'! No need to do math. I think everyone can do it.

• We can manage our money a lot more systematically. Know what part of the money is spent on. There is money to pay bills. There is money to travel. There is money to save. Balance life is awesome.

• Help us to 'reorder' our priorities well. What needs to be paid first, what later? Don't be afraid of overspending and debt.

• Helping us to 'discipline' our savings, whether to collect emergency money or prepare for retirement, gives us a clear goal.

• A lot of 'future stability'! We save 20% of the money every month. It's a long-term investment for ourselves.

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Image 8: Summary and Critical Commentary

Title: "Brief summary of what I tried mana..."

• The formula 50-30-20 is just a guide. It doesn't mean everyone has to do exactly the same. We can adapt to our lives.

• But the most important thing is our discipline.

• Even if there is a good formula, if we do not follow it consistently, there is no way to reach the set goal.

• Remember, doing a little but doing regularly is better than doing a lot and then quit.

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