I’ve been enjoying videos from Stupid is the Norm, who’s becoming a Millionaire on minimum wage all by budgeting and investing wisely. In a simple sense:

• Get expenses as low as possible
• Get income as high as possible

Or in other words:

• 50% – Needs (rent, bills, food, essentials)
• 25% – Wants (dining out, entertainment, shopping)
• 25% – Savings & Investments (S&P 500 ISA)

Or 50/30/20 is another alternative. For me, these budgeting percentages are a great way to track my spending and identify areas for improvement.

Whether it’s advice about saving, investing, budgeting, or earning more. What’s the best financial advice you’ve ever received?