10 10 80 Financial Lifestyle: 80% to Live On!
None of us should consume 100% of our monthly earnings. If we do that, it spells trouble not only for today but also paints a grim outlook for our financial future.
By limiting our consumption to 80% of our income we are able to set right financial priorities for both right now as well as the future.
In order to set financial limits, you’ll need to understand what areas of your monthly spending are “in trouble” – consuming much more of your monthly income than they should.
Today's tip brought to you by Mvelopes and Money4Life Coaching.