Get your 50/30/20 budget and then personalize it to your priorities and situation
The 50/30/20 approach can be a helpful way to get started with budgeting. It’s a simple rule of thumb that suggests you put up to 50% of your after-tax income toward things you need, 30% toward things you want, and 20% toward savings.
Things you must have or can't live without.
Examples: housing, groceries, utilities, transportation, child care, debt payments.
Things you can cut back on or do without.
Examples: entertainment, dining out, clothing, splurges
Money you save for future goals.
Examples: emergency fund, home, vacation, retirement, financial freedom