Tilted Cat Head
Administrator
Location: Manhattan, NY
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70-20-10
70% of your income should go to your expenses for living, that's rent, transportation to work, insurance, phone bill, gas, water, food from the grocery
20% of your income should go to yourself. Enjoy yourself. Buy that toy you wanted, go out to dinner, go to the movies, go out for drinks with your frineds. This is your entertainment fund.
10% of your income should go to savings.
First things first. Pay yourself first. Meaning, SAVINGS comes first before paying bills. Even if you save $5 a check it's still savings. DON'T TOUCH IT. Don't be tempted to pay the bill company another $5, it won't make that much of a difference to them, but to you it will.
Even if you save just $5 a week, that's $5 times 52 that's $260 at the end of 1 year.
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I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not.
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