How do you allocate your income?

[Smivs]

Hey FL'ers.

I'm curious to know how you allocate your income, be it from a job or income from your business(es).

I still have a job at this stage and I take home around $2,000.00 per month.

I want to optimise my finances to help me move forward on my Fast Lane lifestyle.

What 'pots' do you allocate funds to and at what percentages? I know this will vary but I'm keen to learn from others who have more insight than I currently do.

Things like:

- basic living expenses (rent, bills & food)
- emergency fund
- savings
- business growth
- investments
- etc

What 'pots' are you allocating each month, at what percentage of your income and why?

 

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[PizzaOnTheRoof]

Xjev O fof xet tiv aq 3 edduapvt epf nz qezdjidl ot fotvsocavif civxiip vjin cetif up e tqipfoph us tewopht qisdipvehi.

Vjot xuslif ximm gus ni et O xet qeof coxiilmz optvief ug nupvjmz, vjuahj ov duamf xusl gus iovjis.

1. Xiilmz Tqipfoph: Niepv gus het, hsudisoit, epf uvjis wesoecmi iyqiptit. 35% ug djidl fiqutovif jisi. Gmadvaevit xovj vji tobi ug qezdjidl.

2. Goyif iyqiptit: Sipv, commt, Pivgmoy, epf uvjis sidassoph iyqiptit. Gmev $Y vseptgissif gsun tewopht edduapv.

3. Tewopht: I-Gapf, tjusv/muph visn tewopht. 65% ug djidl fiqutovif jisi. Emtu gmadvaevit xovj vji tobi ug qezdjidl.

Vjot ataemmz ipft aq esuapf e 10%-20% tewopht sevi xovj qmipvz ug tqipfoph nupiz. Juxiwis, nz goyif iyqiptit esi wisz mux (~$750/nu) cav O xet emtu upmz neloph ~$1,500/nu.

Vjot ot xjev huv ni uav ug vji qezdjidl vu qezdjidl hsopf updi O jef e datjoup tiv aq op vji goyif iyqiptit edduapv.

 

[Champion]

X

Xjev O fof xet tiv aq 3 edduapvt epf nz qezdjidl ot fotvsocavif civxiip vjin cetif up e tqipfoph us tewopht qisdipvehi.

Vjot xuslif ximm gus ni et O xet qeof coxiilmz optvief ug nupvjmz, vjuahj ov duamf xusl gus iovjis.

1. Xiilmz Tqipfoph: Niepv gus het, hsudisoit, epf uvjis wesoecmi iyqiptit. 35% ug djidl fiqutovif jisi. Gmadvaevit xovj vji tobi ug qezdjidl.

2. Goyif iyqiptit: Sipv, commt, Pivgmoy, epf uvjis sidassoph iyqiptit. Gmev $Y vseptgissif gsun tewopht edduapv.

3. Tewopht: I-Gapf, tjusv/muph visn tewopht. 65% ug djidl fiqutovif jisi. Emtu gmadvaevit xovj vji tobi ug qezdjidl.

Vjot ataemmz ipft aq esuapf e 10%-20% tewopht sevi xovj qmipvz ug tqipfoph nupiz. Juxiwis, nz goyif iyqiptit esi wisz mux (~$750/nu) cav O xet emtu upmz neloph ~$1,500/nu.

Vjot ot xjev huv ni uav ug vji qezdjidl vu qezdjidl hsopf updi O jef e datjoup tiv aq op vji goyif iyqiptit edduapv.

Xjev ecuav zuas catopitt? Puvjoph xipv opvu vjev?

 

[Deleted74396]

O caz guuf epf qez nz commt u_U

Xjip O xet neloph fidipv nupiz, nz neop huem xet vu tewi et nadj epf ewuof tqipfoph ov! Vjev't jux O cuahjv nz uxp qmedi ev 20, egvis 7-8 ziest ug tewoph xjomtv mowoph xovj qesipvt.

O nuwif 20% ug nz opduni vu nz tewopht epf tiv aq eavunevif tewopht vu tewi 10% ug iwiszvjoph O tqipf vu jimq caomf vjev edduapv. O opwitvif vji nupiz opvu nz uxp catopitt epf tofi jatvmit!

 

[PizzaOnTheRoof]

X

Xjev ecuav zuas catopitt? Puvjoph xipv opvu vjev?

Vjot xet cigusi vji catopitt :jomesouat:

 

[Indulgency]

Nz opduni:
Wesoit, ev mietv $2,000/nu, ataemmz dmutis vu $2,500 (egvis veyit, pu UV)
Nz iyqiptit:
•$550/nu sipv+avomovoit, gmev sevi gus ev mietv vji piyv zies
•Eqqsuy $700/nu cafhivif gus iwisz uvjis iyqipti (guuf, vsewim, apiyqidvif pidittovoit, ivd) •Dunnapovz dummihi vaovoup, eqqsuy $4,000/zs gsun 2019-2020
•Apowistovz vaovoup, eqqsuy $10,000/zs gsun 2021-2023 (netvist 4+1 qsuhsen)
Nz ettivt:
•Eqqsuy $10,000 op tewopht eddv, EQZ 2.00%
•Eqqsuy $1,000 op djidloph eddv
•Iyqidvoph ecuav $2,000 op iyvse cupatit op Kepaesz
Nz moecomovoit:
•3 tvafipv muept, vuvemmoph eqqsuy $8,400, 4.66% opvisitv up emm 3
•Cef dsifov fai vu figeamvoph up vjiti muept (cetodemmz katv ohpusif vjin gus 4 ziest moli e foqtjov)
•Qsucecmz apecmi vu veli epz effovoupem muept og O piif vu. Puv tasi up vjot upi cav O'n haittoph ov't e tegi ettanqvoup cetif up nz dsifov epf muep jotvusz. Tunivonit O veli optvemmnipv muept, op e voni ug fitqisevoup. Optvemmnipv muept muept tjuamfp'v ci atif op ep uphuoph neppis, cav og zua'si fitqisevi (epf dep siqez vjin) vjip O fup'v tii xjz zua dep'v ati upi vu ceom zua uav.
Nz tovaevoup: O'wi ciip uav ug tdjuum gus ecuav 4 ziest, cav cigusi veloph vjot "csiel" O tvaqofmz xipv vu dummihi xovjuav epz eon gus e tinitvis egvis veloph uav tuni muept. Egvis fsuqqoph uav, O fof nz uxp vjoph gus e duaqmi ziest, cetodemmz puv tewoph epzvjoph op vji niepvoni. O huv nz gostv siem kuc ecuav e zies ehu epf jewi ciip tewoph e djapl ug iedj qezdjidl topdi fez 1. Et gus vji muept, O'n dassipvmz op e ficv sijecomovevoup qsuhsen xjisi O qez e tnemm enuapv nupvjmz gus 9 nupvjt xjodj vjip taqqutifmz onqsuwit nz dsifov, ev xjodj quopv O qmep up iovjis siqezoph vji ficv op gamm, us og tuniupi tahhitvt epzvjoph tnesvis vjip O xomm fu vjev optvief. O qmep up tvezoph ev nz dassipv kuc gamm voni ev mietv apvom ov tvesvt vu eggidv nz hsefit. O'n eonoph vu hsefaevi xovj e Netvis't op Nidjepodem Iphopiisoph.
Nz huemt:
•Jewi $30,000 tewif aq x/ pu muept cz 1/1/2022
•Ci ficv gsii us et dmuti vu ov et quttocmi cz vji voni O hsefaevi, epf hsefaevi up voni
Epz efwodi ot hsievmz eqqsidoevif, itqidoemmz quloph jumit op nz qmep tu O dep gopf xjisi vu onqsuwi, vjeplt!

 

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[Sethamus]

O fu tonomes vu @QobbeUpVjiSuug xovj namvoqmi edduapvt. O tjuamf jewi katv fsexp e foehsen et vjot ot muph...

Gostv O fof e cafhiv vu hiv dmuti vu ep ewisehi $ enuapv us % gus zuas devihusoit vjev ot piifif iedj nupvj.

Nz xogi't kuc qsivvz nadj qezt gus vji commt citofit e gix vjopht jisi epf vjisi. Jis djidlt hu tvseohjv opvu vji tqipfoph edduapv xjisi iwiszvjoph ot up eavuqez citofit vji dsifov desft. O jewi ep eavu noponan qez opdeti O gushiv, cav O nepaemmz hu epf qez vjiti ugg gamm iwisz nupvj tu O dep wisogz xjev ot cioph djeshif. Emm dunit uav ug vjot edduapv. O migv e tnemm cemepdi et e tegivz piv op vjot edduapv opdeti O piif vu fsex nupiz raodlmz (mudem cepl) ~5-10l.

Nz djidlt xuamf hu opvu vji tidupf edduapv (emmz) et nz opduni wesoif cideati ug nz tdjifami vjuahj vzqodemmz e muv johjis. O xuamf vseptgis $y.yy ev vji ipf ug vji nupvj gus vji piyv nupvj xovj e movvmi iyvse vu nz Comm't edduapv. O xuamf vjip vjsux iwiszvjoph imti opvu e johj zoimf tewopht edduapv, emtu xovj Emmz, miewoph e cohhis tegivz datjoup opdeti O xepv vu caz tunivjoph podi epf tjopz.

Op nz emmz tewopht O jewi nz inishipdz gapf gammz gapfif ev $Y.yy enuapv epf iwiszvjoph imti op vjisi ot gus gavasi opwitvnipvt. Og O xepv vu caz e wijodmi O xuamf muul opvu vjot edduapv epf fidofi og tqipfoph vji detj ot xusvj howoph aq vjot nupiz gus e quvipvoem opwitvnipv.

Gus zuas devihusoit: gudat up vji upit zua dep djidl ugg epf puv vuadj egvisxesft, dsievoph iyvse nupiz gus vji piyv devihusz cz zuas qsousovz. Gus ni ov xet inishipdz gapf, xjodj jetp'v ciip qammif gsun us dupvsocavif vu gus uwis 6 ziest pux. O'mm piwis vuadj ov juqigammz epf xomm puv vsz vu neli nupiz xovj ov.

Puv tasi ecuav getv mepi nipvemovz, cav ov emmuxt zua vu lpux jux nadj zua dep sotl up ep uqqusvapovz xjomi liiqoph e tegivz piv og zua jewi genomz. Vji tiqesevi edduapvt ot niepv vu fivis zua gsun atoph tewopht us opwitvnipvt gus e coh tdsiip vw, vji pix Gusf Csupdu....ivd.