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How do you allocate expenses in a budget?


Try the 50/30/20 rule as a simple budgeting framework. Allow up to 50% of your income for needs. Leave 30% of your income for wants. Commit 20% of your income to savings and debt repayment.
In the Philippines, according to (Abawag, C.F.N et al, 2019) they concluded that most of the monthly allowance of their respondents are spent in food. Particularly, there is a tight spending when it comes to personal needs and academic purposes.