Break the Paycheque Cycle: Try the 70/10/10/10 Money Formula for Financial Control

• The 70/10/10/10 formula helps manage finances and break the paycheque-to-paycheque cycle by assigning a purpose to every rupee.
• It divides monthly income: 70% for living expenses, 10% for long-term investing, and 10% for short-term savings.
• The final 10% is allocated for debt repayment or personal growth, such as skill development or education.
• This structure forces pre-decided spending limits, providing clarity on financial health and reducing mental fatigue.
• Start gradually by tracking expenses for a month and making small, consistent shifts towards the recommended percentages.

Why It Matters: The 70/10/10/10 formula provides a simple, effective structure to manage money and achieve financial control.