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No one should require a doctor’s prescription or a fitness coach’s guidebook with rigorous workout routines for that person to get back on track with their physical fitness.
Financial experts and advisors commonly discuss the 50/30/20 rule. It explains how you should apply your net income (as opposed to gross income) towards your needs, wants, and savings.
To attain your goal of living within your means, first you should differentiate your needs from your wants. Once these have been clearly identified, you can move on to the next step – budgeting.