Spending plans are divided into three categories with roughly 50% of the after tax budget going to the category of needs and 30% of the after tax budget going to wants, with the rest going to esi.
Spending plans can be defined as the process of planning how to spend your money by sharing your income based on want your need and what you want which will inturn can enable you to effectively manage your money as well as the way you spend.
Hence, Spending plans are divided into three categories with roughly 50% of the after tax budget going to the category of needs and 30% of the after tax budget going to wants, with the rest going to esi.
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