What does the tool do?
Our tool shows 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:
- 50% of your income should go to essential expenses (needs)
- 30% should be spent on financial priorities (goals)
- 20% should go to lifestyle needs (wants)
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.
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