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Recurring:

Expenses that happen on a regular basis that you are committed to pay

Reserve:

Expenses that you know will happen but you're not sure exactly when or how much they will be.

Discretionary:

Everything else

Steps:

1. Take your income
2. 10% for charity
3. 10% for investing
4. Fund recurring items
5. Take 10% of what is left for reserve
6. The rest goes to discretionary income

Track your expenses and subtract them from your saving categories

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