I found The Balanced Money Formula on Get Rich Slowly, a great blog that discusses a variety of different ways to be frugal and save money.

The Balanced Money Formula is very simple!

Checkit: 50% of your income goes toward your needs - things you have to have, loans, car notes, things of that nature.

30% goes toward things that you want, and the remaining 20% goes straight into your savings.

It's a fantastic rule of thumb that will enable you to save money easy and conveniently. Why not give it a try?

If you use the Balanced Money Formula or your own variation of it, please let us know in the comment section!

DeAndre'

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