ScaredyCatGuide’s Personal Finance Allocation Tip

A personal finance tip for how to allocate income, the buckets I use and the percentages that go toward each.
It’s a video I did some time back, here is what I lay out:
Income Allocation
55% towards living expenses (mortgage, food, utilities, etc.)
20% toward long-term savings/rainy day fund (for emergencies or replacement of large ticket items)
10% for investing/passive income creation (investing in and acquiring income producing assets)
10% for fun time money (pure discretionary income to spend on anything you like!)
5% for learning and getting better (taking a class or a course, i.e, learning something new)

(^ awesome t-shirt, right?)
This is a ratio I

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