As a Financial Planner of a client, how do you suggest to ideally allocate client's income of ₹1,00,000 for the saving goals, retirement or put off the debt, Housing EMI or rent and on everything else. Justify your answe

Ideal allocation of income for personal financial planning 20% of income towards savings goals, retirement and/or put towards payoff the debt. 30% of income allocated towards housing. Remaining 50% should be allocated to spend on everything else. In this case, allocation of clients income of ₹1,00,000 for the saving goals are as under: To pay off debt and saving towards retirement ₹20,000 To pay Housing EMI and/or rent ₹30,000 On everything else ₹50,000