The 80 Percent Solution

The two enemies of money management are greed and fear. The 10-10-80 formula knocks both greed and fear out of the picture.
The 80 Percent Solution
You need to arrange your lifestyle so that it fits within 80 percent of your income. DaraSoy/Shutterstock
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Provided that your basic life needs for shelter, food, and clothing are being met, more money is not going to make you happier. I know, that’s hard to believe, but it’s a proven fact. What will make you happier is learning how to manage well the money you have already.

Today, I want to give you a simple formula you can use to manage your money. It will work like magic in your finances whether you have a lot or a little. Here it is: 10-10-80. Let me explain.

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Mary Hunt
Mary Hunt
Author
Mary invites you to visit her at EverydayCheapskate.com, where this column is archived complete with links and resources for all recommended products and services. Mary invites questions and comments at https://www.everydaycheapskate.com/contact/, “Ask Mary.” This column will answer questions of general interest, but letters cannot be answered individually. Mary Hunt is the founder of EverydayCheapskate.com, a frugal living blog, and the author of the book “Debt-Proof Living.” COPYRIGHT 2026 CREATORS.COM