Balancing Past, Present, And Future Your Financial Golden Ratio

How do you know if youre saving enough? How much debt is too much? Whats a healthy consumption rate? These are some common questions we might ask ourselves when evaluating our financial habits. Answering these questions with a specific rand amount isnt necessarily helpful because everyones financial situation is so unique. Instead, Id like to introduce you to the Golden Ratio for personal finance a tool that will help you refresh your money maintenance.

This ratio provides a budgeting tool that skips all the investigating and lists and gets right to the heart of what you need to know Is your cash management healthy? And more importantly, are you saving enough?

Determine your golden ratio

Whats a Golden Ratio? Its a formula you can use to figure out how you spend your income. Your Golden Ratio is made up of three numbers, each one representing the percentage of your

gross before tax income that goes to