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Rule of thumb for budgeting?

Bringvaluetome · 2020-02-09 21:03:49

Hi all. Really looking to get my finances in order this year. As a rule of thumb, what percentage of salary should go towards things other than outgoings? Entertainment, going out, spending money on kids etc?

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drinae Posts: 25 Forumite

10 February 2020 at 9:38PM

ZeroSum said:

I thought it was a third each
33% housing & bills
33% Saving (which includes non mortgage 'capital' costs)
33% for holidays, entertainment & general fun.

Just curious, where do groceries and essential toiletries and clothes fit, in your list?
The 1/3 each split is unrealistic in places like (greater) London or other large cities...

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Rule of thumb for budgeting?

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