Great article on finances from MSN Money.
I have been struggling with trying to pay rent, bills, groceries, going out, etc. and figuring out what I should be spending where, it's about as pleasant as walking into a midterm unprepared and sleep deprived. However this great article lays out, how to get your expenses in check. They follows a 50,30, 20 rule. The program was developed by Harvard Bankruptcy professor Elizabeth Warren and her daughter Amelia Warren Tyagi.
Basically:
50% of your income (after taxes)/budget goes to must haves: groceries, bills, rent.
30% goes to: vacations, gifts, entertainment and clothes
20% to savings.
I know what you're thinking... yea, right. But for when you feel like taking the step towards responsibility, this is the info for you!
image from lifesip.com
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