Road to Riches

A few years ago while working in one my many roles within banking institutions I had a customer share with me a technique she learned about how to allocate a monthly salary. I'll share it here with you...

1) Education 10% - Save up for any type of course/program which you are interested in
2) Daily Spending 55% - includes daily cost of living such as housing, food, clothes, entertainment etc
3) Financial Freedom 10% - money to be spent during retirement
4) Long Term Spending 5% - use this to put a deposit on a car/house or pay for a friend to visit you
5) Contingency 5% - Just in case your car needs major repair, or you need major sugery.
6) Play Fund 10% - this can be used for any guilty pleasure which MUST be spent every 3 months.
7) Charity 5% - self explanitory.

Enjoy your journey along the road to riches!