budgeting

• How to divide the budget.
  1. recurring expenses (50%)
  2. needs (30%)
  3. savings (20%)
     • you need an emergency fund of 6 months (monthly expenses x 6)
     • Future Expensive purchases things_I_need_to_buy
     • Investment and Long-Term Savings
       • diversify
       • compound interest
         • 
         • retirement bank accounts
         • EPF/ETF
       • property
  4. inflation

before you do something talk to few people who has previously done that and ask outcome