How to save?

How to work, live, but still have savings

American Senator Elizabeth Warren created the 50/30/20 rule to help you become aware of and optimize your expenses:50% of the budget – NeedsThis part includes necessary expenses such as food, housing, rent, clothing, transportation, and so on.30% of the budget – WantsThese are expenses that you can avoid without going hungry, thirsty, or homeless. It represents your desire for a certain lifestyle, like going to a good gym, eating out, having a nice phone, etc. This is the part where you can save a lot more.20% of the budget – Savings and InvestmentsIf your minimum spending threshold allows, you should accumulate this portion and then make investments. With 20% savings, you should first build an emergency fund over a year, enough to cover about 6 months of expenses in case of unemployment.The author of the rule suggests not focusing on counting every penny but rather having rough estimates in mind and moving forward with them.