Personal Budgeting (MYOM Mind your Own Money)

·       Spend within your means or under your means

·       Start saving. 6 to 18 months of emergency monthly living expanses

·       Payoff your loans with the highest interest first

          - Credit cards (24 % p.a.)

          - Student loans (5% p.a.)

·       Big houses are "really" expenses (bank assets)

·       Cars should be a no-no unless absolutely necessary

·       50/30/20 budget (of your take-home salary)      

          - 50% goes to daily expenses

          - 30% to lifestyle wants

          - 20% remaining into savings and investments

Daily Expenses	Lifestyle Wants	Savings and Investments
Total =	Total =	Total =

·       For more frugal ones, suggest a 40/20/40 formula