Every month, we get some money from varies things that we do. For most of us, it will be in the form of salary or wage.

As an average working adult in Singapore, one of the most expensive countries, we always find ourselves struggling with keep up with bills, food, entertainment and other necessities.

I used to manage my money by writing down what I spend on and how much I save. But as work started to pile up, this became almost impossible to keep up with.

What I do now is to pay my bills and other necessities. Whatever cash I have remaining is for me to use as I please.

The only reason I can do this, is because I know myself well and I don't splurge at every given moment or opportunity. So far, this plan has been working out well for me because it gives me more confidence in investing monthly(where most of my money go to).

However, the flaw about this plan is the lack of discipline. If you are someone not disciplined, you might end up spending all your spare cash.

If you don't have self discipline, what I would recommend is the following:

50% of your salary for necessities. Bills and Debt repayment

30% of your salary as Fun Money

20% of your salary as savings & investing

This can be a starting point for you to get used to budgeting and getting started in investing.

However, this might not be for everyone and I highly urge you to tweak and edit this recommendation to your lifestyle.