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Where Your Money Should Go Each Week

Money is hard to keep flowing in and out of your bank account perfectly, and unless you’re a millionaire, you’re not going to always have an insane amount of fallback there to take care of you. So, it’s time to turn to budgeting, and that takes a little more thought than just cutting back on everything you can think of. Maybe you’ve started off with your frugal living plans because you knew you needed the change, or maybe you’ve been at it for a while and realise something definitely needs change! If so, here’s the list for you.

The Popular Budgeting Rule

Ever heard of the 50-20-30 rule? If not, that’s the one a lot of people who are ‘experts’ at budgeting tell you to use. The main idea is that 50% of your weekly income goes towards your immediate living expenses, so the rent if you have to pay, as well as your bills and groceries.

Then the next 20% goes towards a saving account, or paying off any debt that you have. If the 20% there immediately strikes you as not enough for that purpose, use debtconsolidation.co for a little help.

And then the final 30% goes towards what you need it to, otherwise known as ‘flexible spending.’ If you need to travel, or there’s a movie night out with your friends you don’t want to miss, here is where you use that money.

Where Your Money Should Go Each Week

For Your Groceries


A little more detail should go into this section, as if you’re not feeding a family of five on a budget, you’re not going to need as much money for your daily groceries as is typically thought.


Get some pasta and rice to stock your cupboards on a permanent basis, and having some chicken in either the fridge or freezer is a good way to keep you eating good food with plenty of energy to it each day. As long as you have some good spices in the cupboard you can make some good sauces and seasonings, and it won’t be more than a few dollars extra to pack some vegetables in on top of that. All in all, you can save tens of dollars per day!


Concerning the Bills


The bills are always a hefty concern, and that means keeping an eye on them is going to be second nature to you! Make sure they’re paid first in order to keep a roof over your head and water running from your taps. We can make do very well as long as we have somewhere safe and warm to bed down every night!


If your bills are climbing up and up, it might be time to cut back on your usage. Of course you can’t do anything about your need to drink water daily, but making sure you’re only spending a few minutes in the shower is essential.


Of course, your money is your own, and you know how you work, so take these ideas with a pinch of salt.


Money saving Mom of 1, who loves to travel, cook, and of course spend time with family. We have a family of 3 including Mr. SMSL and of course Diesel our latest addition to the family. I'm glad you are here with me!

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