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When we are going to prepare a personal financial budget, there are many ways/methods that we can apply according to our needs, one method that is simple and easy to apply by anyone is the Pareto budget method or more commonly known as the 80:20 budget. The Pareto budget method aims to develop priority budgets and increase the efficiency of our financial allocation.
To implement a Pareto budget, we can immediately allocate 20% of our monthly income to a savings account or investment account. Meanwhile, 80% of your income must be able to meet all your needs in one month. Very easy, right? What do you think?
To implement a Pareto budget, we can immediately allocate 20% of our monthly income to a savings account or investment account. Meanwhile, 80% of your income must be able to meet all your needs in one month. Very easy, right? What do you think?