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Salary Spending Formula - Career - Nairaland

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Salary Spending Formula by lucky98: 11:55pm On Jan 19, 2013
Hi, i just got a good job with a mouth-watering pay, and I was wondering if anyone has a good spending formula. Hey, i know its always normal to wanna save and pay bills, but aside that is there really any formula that can be used for efficient or prudent spending, or is there any stuff u can do with the remaining pay after one has taken care of the usuals.
Re: Salary Spending Formula by sixteen08(m): 6:56am On Jan 20, 2013
Savings:20 percent
Living expenses(clothes,food,shelter):50 percent
Education:10percent
Recreation:10percent
Miscellaneous:10percent......dis isn't a hard n fast rule bt I guess it culd serve as a compass
Re: Salary Spending Formula by lucky98: 1:51pm On Jan 20, 2013
@Sixteen008, thanx for ur input. Kinda sad that Nigeria has little or no exciting investments options. Everything seem to be usual.
Re: Salary Spending Formula by sixteen08(m): 6:02pm On Jan 20, 2013
Everything seem to be usual" can u pls expatiate on dat.

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