The 3:3:4 Paradigm
This paradigm takes into account that all the other utilities and monthly bills have already been paid and the amount left is the extra money that is left floating. Most probably many would not be lucky enough to have this, or if possible just with a tiny amount.
Still, no matter how small the amount is, it is a good start. The 3:3:4 paradigm means that 30% of the floating money is to be saved in the bank, 30% is then used to allocate for the investments of choice, and the remaining 40% is allocated to the leisure and luxury of the household.
The last aspect is important to provide a sense of reward for the earner to clear the mind of burden and discouragement.
These aspects when combined together are more often than not effective ways to manage money and not be burdened of having to earn money to pay off a previous debt.
This would be helpful to the earner to look forward in a progressive pace of living rather than retroactive maintenance.
