Allocate your income

Helping you save stick loads.

I tried stretching my pay-cheque the other day and just couldn't do it. So I decided to use the envelope approach by allocating my pay-cheque into three categories - not that PAK'nSAVE pay me because everything they do, they do to save you money.

  1. No more than 50% of your income should be spent on your "must haves", i.e. things that you can't go without such as rent/mortgage, car, electricity, basic food and clothing, and so on.
  2. No more than 30% should be spend on your "wants", i.e. extra clothes, cinema, drinks, shows, internet, cellphone, trips and vacations, new appliances, additional food (cheaper cuts of meat instead of lamb chops), birthday present for stickman, and so on.
  3. 20% of your money should be put on "savings". You can choose the type of investment like savings accounts, shares, bonds, PAK'nSAVE Christmas Club...