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A simpler way to save: the 60% solution

A simpler way to save: the 60% solution is an interesting article, and for many this might work - but I think we should think about the 40% first. The thought is to only commit 60% of your salary to 'commited expenses' and the other 40% to other items. I am still a strong believer to pay yourself first 10-30% to some type of savings program and then live on the rest. However, this approach might make more sense - check it out.


http://moneycentral.msn.com/content/Savinganddebt