Escape Paycheck-to-Paycheck: Try the 70/10/10/10 Money Formula

• The 70/10/10/10 formula helps break the paycheck-to-paycheck cycle by providing a simple structure for managing monthly income.
• It divides your take-home income into four buckets: 70% for living expenses, 10% for long-term investing, 10% for short-term savings, and 10% for debt repayment or personal growth.
• This method assigns a "job" to every rupee, forcing pre-decided spending limits and making savings a priority rather than an option.
• It provides clear insights into spending habits, revealing if your lifestyle exceeds your income, and helps build emergency funds and investment momentum.
• Start gradually by tracking expenses and making small shifts; the formula reduces mental fatigue and offers financial clarity.

Why It Matters: The 70/10/10/10 formula offers a practical, structured approach to manage money, ending the paycheck-to-paycheck cycle.