What to Do Next
Now that you have your numbers, here's how to put them into action:
- Open a separate savings account and set up an automatic transfer for your savings amount on payday.
- Track your needs for one month — use bank statements to check you're within the target.
- Set a wants limit — use cash or a prepaid card to make it tangible.
- Review monthly and recalculate whenever your income changes.
Want to learn more? Read our full guide: The 50/30/20 Budget Rule →