Last Saturday, I had my monthly checkup with my gynecologist. Unfortunately, on our way to the hospital, I slipped off the last stair in our condominium lobby. With my right foot sprained, I thought of rescheduling my checkup, as it was so difficult to walk. With a baby inside me, however, I needed to push through. I needed to ensure that she (Yes, it’s a girl!) is fine and was not harmed due to my carelessness. Thankfully, I was able to proceed with my checkup, and the baby is fine.
THE 50:30:20 rule is the most popular rule on how your income should be spent. According to various studies, you should reserve 50% of your income for essentials like rent, food and transportation, 30% for discretionary spending, and at least 20% for savings.