There are many money rules to help you get your finances on track. While everyone's situation is different, the Budget Benchmark tool serves as a good starting point. It will show how much you should be spending and on what, based on your monthly income. It uses the popular 50/30/20 rule of thumb, which is a proportional guideline for breaking down your budget.
It recommends that:
Get your finances on track by following these simple principles – you can customise your unique expenses and goals with the help of your financial adviser.
This calculation is based on the information that you have provided. The information is for illustrative purposes only and is not intended to serve as financial advice. Please consult your financial adviser for more information.