The 60% Solution

Twenty years of complicated budget calculations have led me to this one simple conclusion: By limiting all essential spending to 60% of total income, savings will soar.

The 60% Solution article is about dividing up your money, and limiting your essential spending to 60% of your income. This is typically how I want to budget, but find Microsoft Money inflexible in terms of supporting such a solution.

Richard Jenkins explains how to divide your income into 5 categories - Committed expenses, Irregular Expenses, Long-term saving/debt, retirement and 'fun' money.

I doubt this will work for everyone, but it is a worthy idealized budget to aim at.