How do you use your income to spend, save and invest?
Firstly, income has to do with the money one received for work on daily basis or at a specified time.
When I receive my income all I need do is to share it accordingly to avoid running out of cash or going broke, you know, one has to prepare for the worse (Life is not always what it seems), I mean I have bills to pay and my family (parents) to take care of which constantly reminds me of the fact that I am now an adult 😆.
Ok back to the topic - so I spilt my income as follows:
50% for my daily needs, my family needs and bills (rent, water, sanitation, electricity, television and what have you).
30% for emergencies, I'm not praying for one but things can happen so I keep this percentage aside Incase of such cases (you can call it savings though but not until there is need for it)
20% for investment - I actually save this little for Investment.
And that's it, though I'm still working on improving it to save more for investment but this is what I gat for now and I would advice others to spend wisely, save and invest more.
Thanks!