Quote from: Shasha80 on May 10, 2022, 09:31:09 PM

Quote from: Furious 7 on May 10, 2022, 08:59:57 PM

When it comes to savings and real needs I still go the old way of managing my current finances. when i get money i make multiple allocations and the one i often use is method 50,30,20.
when I get my salary I save 50% for my daily needs to save my life in the following days, 30 percent for my personal desires and 20% for savings.
when talking about the needs on the other day, actually there was already an allocation of 50% there because that was the initial thing that had been prepared.
as for saving the concept if there is something urgent or for purposes in old age.
when you save only for tomorrow then maybe you need to re-manage your finances

From your explanation of how you manage your finances, I think it's quite inspiring for me to follow, because the amount of the allocation of
funds that you specify for me is quite reasonable. Indeed, in living our daily lives most of our income is used to meet daily needs. So it's not
surprising that we must at least allocate 50% of our income for daily needs. Most importantly, we should not be short of money to meet our
daily needs. If our daily needs are not met, then something is wrong in managing our finances. Everyone certainly has a personal desire to
entertain ourselves from the stress of work that we experience. So there must always be an allocation of funds for us to spend on personal needs.
But I think 30% is too big for personal use, for me 10% for personal needs is enough. So the remaining 40% I suggest is divided into 20%
for savings and 20% more usually I use for investment. With such a financial arrangement I am sure my future can be bright.

Agree with what you say because 50% feels big enough for daily needs but on the other hand everyone needs to express themselves. saving is indeed very good but on the other hand we also don't have to torture ourselves for it but of course if indeed the allocation we previously determined is still there, then indeed we also save it for investment in old age as well as for 30% personal desires when we don't If you want anything this month, then we can also move it for investment because this is only an allocation regardless of whether it is fully used or not, the most important thing is that it doesn't interfere with old-age savings.