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This is really important. It's called the 65205. The idea of it is to take your net income. This is your take-home
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pay after you pay taxes, not the number on your job description, and you want to
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split that into three buckets. the fundamental which is your core living expenses. Everything that is essential
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to your living costs, mortgage and rent, utilities, the groceries, all of that should make up approximately 65% of your
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net income. 20% that's for your fund spending, the Glastonbury tickets, the Pilates class, that should make up about
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20% of your take-home pay. And the remaining 15% that's for your future year. That's today's you, planting seeds
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for tomorrow's you. And that should go to savings, investments, and extra debt payments. And those are three good
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numbers that I think everyone should know and understand. It's a good starting point to try and benchmark your
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numbers or your income against those spending categories. I would say, however, if you are someone who's living
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closer to paycheck to paycheck, those numbers might look slightly different. When it comes to future you, start with
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what you can. Whether it's saving 2%, 3%, start somewhere. You just want to build that habit.