← Money Basics: Budget and Emergency Fund · Lesson 1 of 3
Where does your money go?
Most families do not know exactly where their money goes each month. Write down your income and every expense for one month, or use the free money tracker in our app.
A simple guide many people use is 50-30-20:
- About 50% for needs: rent, food, school fees, EMIs
- About 30% for wants: outings, shopping, gadgets
- At least 20% for savings and protection
These are not strict rules. The aim is to see your pattern clearly and decide consciously. The most powerful habit is to save on salary day, before spending, not whatever is left at the end of the month.
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