How do you divide your money?

Between my husband and I, we take care of the bills that need to be paid at the time. Like if the electric bill needs to be paid on the 12th, we pay it. Then put aside some money for our son, other living expenses and save anywhere between 10% and 30%. So if you don't have to worry about that.. deposit 70% - 85%. Want to save more money? Then make lunches at home, we saved a lot of money having my husband eat here after work than get something at work.

Since you seem to have no responsibility in life yet, you might as well save most of it for future use so you can buy appliances or gadgets with the accumulated money. But of course, you should first set aside your allowance for the office, fare and foods. Then, save a part of it. Then , you can buy groceries for your parents or for the household.

I deposit 80% of it in the bank jus 20% for bills payment and other expenses. I'm too spendthrift

That will depend on your spending habit my friend. For me, since I am a family man, I budget my salary with my wife. We assign a certain amount of money (via separating them on different envelopes) for food, recreation, utility bills, savings, donations and miscellaneous (those unexpected spendings). It works fine for us since we are able to monitor where the money is going, in oppose to our previous way of spending where I will just give a certain amount to my wife and let her decide what to buy from that. You can try that too. Also, I am creating a Microsoft Excel application called Pivot Chart to help me track our daily expenses and see where we can cut our cost down. Although, it is a bit tedious, I believe it will be worth it in the long run.

Hello Aja! I once read in a magazine that the right way to budgeting is SALARY - SAVINGS = EXPENSES. Most people, (including I) do it in reverse SALARY - EXPENSES = SAVINGS. So I guess that is where the saying "live within your means" came from. I honestly don't have a savings yet but I am planning on having one this year. I promise NEVER TO TOUCH IT. ^^ So for me, it would go SALARY - SAVINGS = EXPENSES. My expenses include: - fare and food allowance - internet and phone bills - home needs Good luck girl and happy new year!

i use my money without good managemenent.i just spend what i have to pay first, like loan, monthly bill, and other expenses. and save some for my baby to be in my bank account. i am not sure about the way i manage it, i have no big problem with my method. do you have ny problem with your money management?

10% for tithe to social change, I spend about $25 eating out (I have writing group on Wednesday then need to eat out, I go out with friends usually once a week. I also go the gym all day Monday so eating out is mandated than, as well. I spend about $24 a week on transit, as well. I try to carry around working around money of $10. Most of the rest of my $ goes to my new business.

Hi Aja, if you have enough money for saving, you might as well buy an insurance policy for yourself. It is best that you start young. When you are older, you need to pay more for the same coverage. If you start to have certain health problems, you cannot buy insurance policy anymore. The best is to save enough money for six months usage. That is the rule of thumb for emergency fund.

i make sure to save at least 10% of my salary, I usually make an estimate on how much i will be spending until the next salary and some extra in case of unexpected expenses, it already includes the things i buy for my self and others. then if there are still remaining, it also goes to my savings.

i always spend i money that i got. i remember always save my money almost 80% of my total earning. 20% i use for anything.. but when i need more money i will take some from bank.

Your discussion is a little bit vague, it al depends on the amount of your expenses and the amount of your earnings so you can balance them and use the remaining parcialy for leisure and savings or investing.

You were answer your question. Use it wisely. I don't have tips or advice, I myself not good to arrange my expenditure. There are many unpredictable expense.

first of all it depends on your expenditure. means how much of money you spend on daily basis. Keep Track of all the money spent on different different need like shopping for you ,shopping for others and then rest of the money if left,then you can save that money.

I have thought of using 50% of my income for myself while the rest goes as an investment to my online activities. So it's 50-50.You can save the 50% and use the rest for your clothes, pocket money etc.

Use expense manager software for good management. Compare your previous month's expenses with this month meanwhile plan to reduce expenses for upcoming months. Or you can also turns your plan and expenses on weekly basis as per your convenient.