Apply the 50/30/20 rule to your income and build a realistic monthly budget.
The 50/30/20 rule is one of the simplest budgeting frameworks available. After taxes, put 50% toward things you need (rent, food, utilities), 30% toward things you want (entertainment, restaurants), and 20% toward savings and extra debt payments.
In high cost-of-living areas, needs often take 60–70% of income. In that case, cut from wants first, then look for ways to increase income or reduce fixed costs. The percentages are guidelines, not rules.
For informational and educational purposes only. Not financial advice.