How I budget and plan my finances in my 20s.

Easy as ABC [THREAD]

Because of the fact that I am still young and have zero to no responsibilities I am able to capitalise on time and money.

This allow me to minimize as much as possible while still enjoying the best things in life for myself.

1) I keep all my monthly living expenses under 45% of the money I earn each month. All my needs and wants must fit within this 45%.

Before end of each month I write down everything I need and how much it will cost and also I rank them from most important to least important.

2) Because I have alot of short term goals I wanna achieve this means I have alot of savings account that are dedicated in ensuring that I achieve those goals. For this I spend money between 20% to 25% of my monthly income into my savings accounts.

I have upto 6 savings account with one financial institution(because of good interest rates). Most of them are savings goals between 6 to 24 months.

Under this 20% I also include my stokvels because it is also a savings tool.

3) I spend send each month 20% to 25% on my investment portfolio during lockdown I was spending 40% as I was back home.

All my investment are aimed at creating a good retirement plan for myself. I am doing this now so I don't have to worry about it late.

My investment portfolio is made out of mostly:
1) Equities
2) ETFs
3) Cryptocurrency
4) Government Bonds
5) My Business ( @opencampusza)
6) Little bit of property
7) Livestock

I have threads for each of those investment assets excluding my personal business.

The last 10% goes into my emergency fund account. Because I am still young. I save as much as possible into my emergency fund as I don't know what the future have in store for me. I don't try to cover any monthly expenses but for now it is to try and have as much as possible.