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hennie@molo.page
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0718607703
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https://www.spectrewealth.co.za
https://za.linkedin.com/company/spectre-wealth-pty-ltd
Spectre Wealth Connect
16 Apr 2025
The 50/30/20 budgeting rule – adapted for South Africans
The classic budgeting rule splits income into needs (50%), wants (30%), and savings (20%). Here’s how to adjust it locally:
1. Needs (55%)
- Rent/bond: Cap at 30% of income (hard in cities like Johannesburg – consider flat-sharing).
- Utilities: Add load-shedding backups (e.g., inverter payments) to this category.
2. Wants (25%)
- Trim “luxuries” like takeaways or DStv Premium during high inflation.
3. Savings (20%)
- Prioritise emergency funds (6 months’ expenses) before investing.
Want help setting this up?
Book your free 45-minute session with me today using the Contact button above.
