Six percentages that will help you manage your money

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Managing our money is one of the practices that many people find difficult, even if they want to save or invest, they can never do so, since their money is never enough to invest or save. When investigating advice on how to manage our money we will find endless of them. This time I bring you a percentage method to divide your capital or income, whatever the amount of your income.


Source

The method is in percentages where we divide our income into 6 accounts, in the following ways:

The first 55%

In this first piggy bank or divided account is 55% of our income, for example if we earn $ 100 per month we would have $ 55 in this account. This amount will be destined for eventual expenses which are food, medicine, transportation, bill payments and among other primary needs.

The second 10%

In this second account we will obtain 10% of our income, of the $ 100 it would be $ 10. This account is meant for fun. Be it to start saving for a vacation, or a meal out, going to the movies.

This form allows you a percentage of your income that will be directed to fun, which will not limit you to recreation, it is a good way to manage our money without having limitations.

The third 10%

This third account will be destined for education, this money will be spent and everything related to your professional and intellectual growth or a new skill that can make you grow your income. This would be $ 10 of the $ 100 of your income. We can buy books, pay for a course. It is for you to make an investment in yourself, which will pay off later.

Fourth 10%

This account is intended for investment. From the income of the $ 100 he will leave $ 10 to invest in cryptocurrency, assets, real estate, or a business. This method can help you leave your work one day and obtain new income that will help you grow.

Fifth 10%

This 10% is destined for large purchases, such as telephones, car, house. I know that the percentage is a bit but you can start saving in this account $ 10 of your income to later acquire the desired dream.

6th 5%

This last division will be destined for charity. It's better to give than to receive. All the good we give always comes back, so divide a percentage for your charities.

This methods help many people how to start managing your money, create a new saving habits. The best that in these is divided for different occasions.

What do you think of this way of managing money?

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15 comments
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I like your suggestions -

I have a micro business and I save 25%off the top for takes (taxes).

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Good that you like it ... It is a good way to manage money, without limiting ourselves and even to help other people ...

Yes, what is your micro-business?

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Good Tips
For me Fifth 10% is very good I have to start saving now for a new laptop

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This method helps a lot people manage their money ... Well I'm saving for a phone.

Thanks for commenting

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They are all great suggestions but I find that it takes more then 55% of my income to sustain the normal necessities of life such as paying the monthly bills. So while I don't know the exact percentages I do know that I use on average about $80 for investing in crypto every month. When I receive extra funds like income tax or other things of that nature I tend to use at minimum about 25% of it for investing and other business related expenses and this would include any educational expenses. So to sum it up for me daily living and business expenses come first and then everything else.

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You're right it's strong ... but you can adjust the percentages depending on you. But try to do it with 6 accounts so that you do not limit yourself in anything.

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(Edited)

How about this:
33-5-15-35-10-2

But this is rather my dream, not reality
Not so easy to achieve

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33% in expenses is quite strong depending on my economy in my country. But one can adjust the percentage depending on one.

But if it is, to increase the percentage 35% in investment, it is a good way because your investment later will help you grow your income. Some can be molded to see that it reduces expenses ... Their numbers are very good shape ...

The important thing about this method is to keep six divisions so that you don't limit yourself. have a little money for things.

Thank you for your comment and support.

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Interesting take. I'd probably mix up some of the numbers but the categories make a lot of sense.
It's also cool to have that 6th category being charity. This is something a lot more common in the rest of the world I guess. Here in Germany it's often frowned upon.

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The important thing is the 6 category to keep them, the percentages you can mold depending on your needs.

Thanks for supporting and commenting.

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