2. The "50-30-20 percent" strategy Always Works
The 50/30/20 rule is very simple and has worked for many who have actually become self-made millionaires. This is how it works, first set aside 20% of your money for emergency fund or long-term savings. Spend 50% for your basic and daily needs and 30% for entertainment and fulfilling your other “wants”. With a defined breakdown of spending habits, it gives you the control to make wise financial decisions.You will not be wasteful and you will never be in debt.