Allocate your income

Helping you save stick loads.

I tried stretching my paycheque 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 that 50% of your income should be spent on your "must haves" -i.e. things that you can't go without: 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...
  3. 20% of you money should be put on "savings". You can choose the type of investment like savings accounts, shares, bonds, PAK'nSAVE Christmas Club...