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21/04/2025

Tips to manage your money wisely

Tips to manage your money wisely

Ever find yourself torn between wants and needs? Whether you are looking to cut spending to help make ends meet or looking to save for your family's future, getting a handle on your family budget is essential. But to start with, you need to understand what your goals are, so you know what you are working towards. The 50-30-20 budget rule could be the answer for you. Here we explain how it works.

Begin your journey to financial freedom with the 50/30/20 rule:

50% for Essentials Allocate 50% of your income to cover basics like housing, groceries and bills – everything needed for a stable life. 30% for Indulgence Reserve 30% for indulgence – your fun money. Spend it on entertainment, leisure and those little extras. 20% for Savings Put away 20% where you ensure growth and stability for future – into savings and investments.

Embrace your journey to financial freedom

Think of it as a customizable roadmap – you're not bound to follow it to the letter. This tried-and-true method is accessible to everyone, regardless of their financial knowledge. Seize the opportunity to empower your money to work towards securing the financial freedom you aspire to.
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