I noticed people, whether they make a
modest or high salary, start with the
same rule of thumbs. Now here are the basics
in one page, in familiar numbers!
Your income 🤲🏼
What is your monthly take-home pay?
$
Budget 🤑
A simple and trusted starting point is the
50/30/20 rule
Needs budget
Rent or mortgage
Utilities
Groceries
Medications
Gas
Wants budget
Restaurants
Hobbies
Entertainment
Vacations
Gifts/donations
Savings budget
Car repairs
Debt
Retirement
Unexpected expenses
Emergency fund in case of job loss
Housing 🏠
People like to aim for
25% to 30% of their income when possible
This is about my limit for coding. If you're interested in helping, email anotherdesignpractice@gmail.com!
About 💛
This project is fully self-funded.
It has no monetary aspirations, doesn't track you, and doesn't save your data.
Follow People First Projects on Patreon
or Substack to get updates from time to time.
RULE OF THUMB FINANCES & PEOPLE FIRST PROJECTS ARE NOT ENGAGED IN RENDERING LEGAL FINANCIAL ADVICE OR SERVICES VIA THIS TOOL. THEY ARE NOT A FINANCIAL PLANNER, BROKER OR TAX ADVISOR. This tool is intended only to provide information. Your personal financial situation is unique, and any information and advice obtained through this tool may not be appropriate for your situation. Accordingly, before making any final decisions or implementing any financial strategy, you should consider obtaining additional information and advice from your accountant or other financial advisers who are fully aware of your individual circumstances.