How to budget a Rs 12 lakh salary: Bengaluru CA shares a simple formula to divide your salary for savings, rent, family support and travel

Bengaluru CA Meenal Goel shared a budgeting plan for people earning Rs 12 lakh annually. She suggested investing 20% of the salary, building an emergency fund with 10%, keeping living expenses within 35% to 40%, spending 10% on upskilling, allocating 5% to 10% for family support, and keeping 10% to 15% for guilt-free spending. Goel said she follows the habit of investing first, saving next, and spending the rest.

Raccontata daeconomictimes.indiatimes.com