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My approach to personal budgeting 
Based on the words of 2 wise men:
#1: "Your money isn't only your money" - Abah.
Luck, opportunities, teammates all play a part in what you make. A portion always belongs to others, society and your future self
Based on the words of 2 wise men:
#1: "Your money isn't only your money" - Abah.
Luck, opportunities, teammates all play a part in what you make. A portion always belongs to others, society and your future self
#2: This quote from Li Ka Shing 
Divide your income into 5 parts:
A. Living expenses - 30%
B. Making friends - 20%
C. Learning - 15%
D. Overseas holidays - 10%
E. Investing - 25%
https://sg.news.yahoo.com/li-ka-shing-teaches-buy-car-house-5-115417356.html
Divide your income into 5 parts:
A. Living expenses - 30%
B. Making friends - 20%
C. Learning - 15%
D. Overseas holidays - 10%
E. Investing - 25%
https://sg.news.yahoo.com/li-ka-shing-teaches-buy-car-house-5-115417356.html
Combining the two, my personal breakdown:
1. FAMA Loan: a loan (in perpetuity!) to father and mother
2. Investing: further split into Business / House / Retirement / Insurance
3. Giving: LKS gives to "those more knowledgeable, richer or a help to your career," I say give to any
1. FAMA Loan: a loan (in perpetuity!) to father and mother
2. Investing: further split into Business / House / Retirement / Insurance
3. Giving: LKS gives to "those more knowledgeable, richer or a help to your career," I say give to any
4. Zakat: 2.5% of income to those in need is a must for all Muslims. I work in crypto - so I pay more 
https://www.theguardian.com/global-development-professionals-network/2017/jun/22/zakat-requires-muslims-to-donate-25-of-their-wealth-could-this-end-poverty
5. Travel: Less emphasis on 'overseas' and more on 'experience' - ie something new like flyboarding beats touristy "Selfie at Eiffel Tower" trip
https://www.theguardian.com/global-development-professionals-network/2017/jun/22/zakat-requires-muslims-to-donate-25-of-their-wealth-could-this-end-poverty
5. Travel: Less emphasis on 'overseas' and more on 'experience' - ie something new like flyboarding beats touristy "Selfie at Eiffel Tower" trip
6. Learning: Books, courses, new products in DeFi or NFT like https://ether.cards/
7. Living: I'm lucky to have most expenses covered and no dependents - you can put a higher % here!
8. Shopping: Also lucky to be a cheap guy, never felt much pangs here
7. Living: I'm lucky to have most expenses covered and no dependents - you can put a higher % here!
8. Shopping: Also lucky to be a cheap guy, never felt much pangs here
Why should you care?
- Force your funds into different pots and only spend from what's in each! Helps you live within your means
- % allocation depends on your unique situation
- Once there's enough funds in a pot, feel free to splurge! Flyboarding, anyone?
- Force your funds into different pots and only spend from what's in each! Helps you live within your means
- % allocation depends on your unique situation
- Once there's enough funds in a pot, feel free to splurge! Flyboarding, anyone?
What should I share next? 
How to keep track of expenses
What to invest in
My "F*** You Money" career goal
Credit to sifu @surayaror without whom I'd never find it in me to post this thread
How to keep track of expenses What to invest in My "F*** You Money" career goalCredit to sifu @surayaror without whom I'd never find it in me to post this thread
