Bank Better, Live Better
This budgeting tool works on the 50—30—20 ratio
The 50-30-20 ratio gives you a good idea of how you should approach splitting your budget based on your household income and whether you have any children.
50%: Essential expenses
30%: Financial priorities
20%: Lifestyle choices
By using the tool, you will be able to explore these categories in more detail and make some decisions about your financial priorities. It's a great way to start getting serious about your budget.
rachel kolisi on coaching her kids for their financial future
Rachel and Siya Kolisi are raising 4 children. At the tender age of 23 they welcomed 2 of Siya’s young siblings into their home and now they also have their own young children. Below Rachel shares some of her top parenting money tips.