The Per­cent­age Bud­get

Cosmopolitan (Philippines) - - Work -

If you’re a laid-back yet money-con­scious per­son, this bud­get lets you man­age your spend­ing with­out check­ing your balance with ev­ery swipe of your credit or debit card. First, di­vide your ex­penses into fixed costs, fi­nan­cial goals, and flex­i­ble spend­ing. The goal is to have 50 per­cent cover fixed costs (hous­ing, trans­porta­tion, and debt), about 20 per­cent for fi­nan­cial goals (sav­ings and re­tire­ment), and about 30 per­cent for flex­i­ble spend­ing (your day-to-day liv­ing). Our hy­po­thet­i­cal friend Dana gives it a go:

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