Hi Lovely!

Are you ready? because we're about to embark on a thrilling roller coaster ride through the world of salary allocation. My goals is to bring you a warm cup of wisdom on how to split that precious paycheck starting your journey towards financial freedom.

The 50/30/20 Rule: Like Dieting, But for Your Wallet

Let’s talk about the 50/30/20 rule. Imagine your salary is a pie. 50% goes to needs (like rent or mortgage), 30% to wants (hello, cute shoes calling my name!), and 20% to savings or debt repayment (yawn, but necessary). It's like dieting - balance is key! Too much shopping and your budget's waistline might just burst.

Living Expenses: Because Adulting is Expensive

Living expenses are the 'needs' – the non-negotiables. Groceries, rent, utilities, insurance, and, of course, that Netflix subscription (we all know that's essential). Keep these to about half your income. Because living under a bridge might free, but not so much fun!

Fun Funds: Life’s Short, Buy the Shoes

30% for wants. This is your fun fund! It’s for those concert tickets, weekend getaways, and yes, those shoes that whispered sweet nothings to you from the store window. Remember, life's short. Eat the dessert. Buy the shoes. Just, don’t go nuts.

Savings: Your Future Self Will Thank You

Finally, we’ve got the 20% for savings and debt. Think of this as your financial fairy godmother, ensuring you’re not eating cat food in retirement. Savings may not be the most exhilarating investment, but trust me, your future self in a rocking chair will be high-fiving you.

The Giving Slice: Be a Financial Superhero

Add a slice for giving. Allocate a small percentage to charity. It’s like being a financial superhero – cape optional.

Emergency Fund: Because Life Likes Surprises

Set up an emergency fund. Because sometimes life throws a curveball, and it’s usually not a beach ball at a fun summer party.

Investing: Make Your Money Work Out

Investing is like a gym membership for your money. A can feel tough to get going (goodbye, disposable cash), but offers a lot of upside (hello, future wealth!). It’s about making your money work out, so you don’t have to.

Tax Planning: Less Ouch at Tax Time

Set aside for taxes. Think of it like eating your veggies – not always fun, but good for you in the long run. It reduces the 'ouch' at tax time.

The Review: Like a Financial Health Check-Up

Lastly, review your finances regularly. It’s like a health check-up but for your wallet. Ensure everything’s ticking along nicely, and adjust as needed.

There you have it! A guide to splitting your salary that’s as fun as it is practical. Remember, personal finance is just that – personal. Tweak these tips to suit your lifestyle and goals. Here’s to financial freedom, one paycheck at a time! 🌟💸🎉

Remember, every little win is a step towards your dreams. Keep celebrating them, keep shining, and let's make this year our most financially wealthy one yet! 🌟✨

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And if no one tells you today, I believe in you.

Love Sarah x