It’s not about how much you earn, but what you do with your money that counts. Buckets mightn’t be glam, but when it comes to managing your money they’re really useful. Organising and naming your accounts for different things could help you feel more in control of where your money’s going.
The popular 50-30-20 budget's— been around for a while and sets up the handy concept of splitting your income into three buckets – for your needs, wants and goals. Whether you try 50-30-20, or prefer 80-15-5 or 70-20-10, any split goes - it’s finding a budget that works for you and getting into the habit of moving your money into your buckets, the moment your pay lands, that’s key.