When creating a personal budgeting plan it is best to work off of percentages. Harv Eker wrote a great book titled, “Secrets of the Millionaire Mind.” In this book he describes his budgeting process. 50% of what you earn goes toward Living Expenses, 10% Charity, 10% Education Fund, 10% Play Account, 10% Long Term Play Account, and 10% Savings. Are you spending more than 50%? For more information on how to get your percentages down, and how to meet real life circumstances regarding money click here.
