The new year is here and it is of paramount importance that you manage your money properly. 

A good monthly budget should follow the 50/30/20 rule.

According to this method, your monthly take-home income is divided into three categories: 50% for needs; 30% for wants; and 20% for savings and debt repayment.

If there’s anything left, then you can consider treating yourself to a luxury or two.

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