salary

Several specialists advocate the 50/30/20 split. According to this method, you should spend half of your monthly income on necessities, thirty percent on entertainment, and twenty percent on savings. Though this rule of thumb can help you save money in the long run, it's essential to keep in mind that your financial situation is unique. Rules of thumb don't include your unique aspirations or special occasions like your wedding or a trip you'll never get another chance at. If you have specific savings goals or your monthly income tends to fluctuate, you may also find it challenging to maintain this…