How To Save your hard earned money? Pesosense Formula

Hello luvies,

As I was browsing through my phone I came across a screenshot that I got from Pesosense.  It's a formula that will help us budget our monthly income and how to save money and alot some for other things that may incur in the future.

Here is the formula:
Income - 20% =  Amount to be spent.

List of Items that needed budget:

Emergency fund

Savings

Housebills

Credit Card

Food

Allowance - Hubbs, Mine and child

College Fund

Medical/Dental

Retirement

Recreation

Personal

Vacation

School Tuition Fee + Service

ETC.

My thoughts: For me it's not that realistic because we have a lot of expenses.  And the expenses is sometimes more than r income that's why I always have a negative balance.  But I realize, I have to save not just for the rainy days but for our retirement.  We are not getting any younger and I have to start in anyway I can.  Even a single centavo count.  And through this we won't have to think too much about the future.  I also needed some part time job or sideline to somehow add up to our income.

                 I'll try to start today.  I will give you an update in a months time.  I will cross fingers.  I hope I have something left for the piggy bank.

What about you??  What kind of formula do you have to save?

#roadtofinancialfreedom

#pesosense

                       A penny saved is a penny earned.