How much do you need? A rough rule of thumb says keep aside six months’ to two years’ living costs. Include everything in it – rent, EMI, school fees, utilities, premiums, credit card charges, club memberships, whatever. The cash flow system that we created earlier will tell you what your monthly transfer to your Spend-it account is. Multiply that by six. Remember this is an average; you can increase or decrease this amount depending on your personal situation.
