What Methods Do You Use to Manage Your Money

[Nomad]

I use a rule of 50/30/20 to manage my money. I use 50 percent of my total income to my necessities like rent, utilities, groceries, etc. I use 30 percent for wants and wishes like entertainment, dining out, etc. And I keep 20 percent for savings and investments.
Sometimes when my income gets reduced, I cut my budget for wants and wishes, sometimes even my savings and investment gets cut. However, sometimes when I earn high, I put additional money into saving and investing.

 

[Ja sa bong]

There are some months when I have too much bills and expenses to pay for which cuts down on how much I would be able to save. When the pressure on my expenses are easier, I save at least 40% of monthly earning.

 

[Heatman]

When it comes to savings, I'm very good at it. I don't feel any pressure to buy what isn't very important for me. Impulsive buying have never been my weakness. If I have 1k now and vow never to spend it, I'll not for any reason whatsoever.

 

[Zani]

I divide my income into 2 parts. I save half of it and spend the rest on necessities that arise at home. I like getting trending fabrics, but I can never spend above my budget on a monthly basis. I believe we can get richer by being intentional with what we save.

 

[Demon_skeith]

Just watching my bank and keeping a running total on paper of what I owe, I'm not a fan of using apps that might steal my info.

 

[cpvr]

I manage my money by keeping all my funds in the bank, and watching my funds.

 

[Alisa]

I don't have a method, I just save what I can and sometimes invest in stocks

 

[Fidelia]

For me, I still go with the classic 50-30-20 budgeting method of managing money. I still think that it is the most balanced budgeting method.

 

[Milla]

I don't have a method, I just save what I can and sometimes invest in stocks

Me to. I try to save and also invest. But it depends on my expenses

 

[Zani]

I work on improving my saving habits. It is not as easy as I expected, but I've been doing my best to stick to the plan. Investing in treasury bills is my next plan, depending on what my stock broker advises me to do.

 

[eLdavis]

For now i don't actually have a specific method, i mainly make use of a separate bank account for my savings.