this post was submitted on 20 Aug 2023
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We use some sort of holistic approach. We don't have specific envelopes or accounts for saving. We do have specific accounts for asset allocation although it's not relevant for budgeting.
With practical numbers: in 2023 for instance, we set our target spending to about 25% - 30% of our income at the time. Money comes in, and as long as we control what money goes out, the rest is bound to stay saved.