Family budget. 1. how much monthly? 2. how much do you spend for groceries, kids stuff, market? 3. any money saving tips
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According to Bo Sanchez, around 10-20 percent of your salary should go to your savings/emergency fund. Meaning, the savings should come first. That's the ideal set-up. The rest can be your expenses. Around 40% goes to my child, 30% for the grocery and 10% for the miscellaneous. We try our very best to follow this though admittedly it's challenging. But right now the most important thing is for you to have savings.
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