The first thing I do is place 10% of my total income each month and put it straight into long term savings. I them budget my monthly spending from the other 90%.
I now have a fully funded emergency fund, I also have sinking funds for things that will or may need paying through out the year(things like house and car insurance holiday fund etc.)
I’m curious, what would you add on the list of payday routine …?
Set aside for my dependent in the Philippines
The first thing I do is place 10% of my total income each month and put it straight into long term savings. I them budget my monthly spending from the other 90%.
I now have a fully funded emergency fund, I also have sinking funds for things that will or may need paying through out the year(things like house and car insurance holiday fund etc.)
That is on our top list as immigrants, Always. But we tend to forget ourselves, therefore it’s best to set aside 15% for your retirement fund firstly.
❤
Share your tips too - I’d love to know 🤑