but my recommendation is to keep your emergency fund contributions and your medium-term savings at 10 per cent of your income at the very least. Play with the rest as you wish. The items are also arbitrary. Some people like to budget at a minute level, and they break down these ten items into various sub-items. (For instance, ‘entertainment’ can be broken down into ‘movies, dining out, buying books and magazines’ and so on.) Others stick to a broad budget like this. Choose what works for you.
