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What is the 70-10-10-10 Budget Method And How Your Favorite Rewards Apps Will Help You Maximize Your Earnings

Important Disclaimer: The content of this article is intended to convey general information. It should not be relied upon as financial advice.

In a year marked by economic challenges and rising inflation, the importance of effective financial organization and control cannot be overstated. Fortunately, one of your trusted rewards apps is here to assist you in reaching your financial goals.

In previous articles, we have presented you with a few alternatives, such as The 30-Day Rule Method and The Zero-Based Budgeting Method.

Using paid surveys apps or rewards apps just like Media Rewards is one of the easy ways to make money online.

Though having an extra source of income or a side gig will help with your monthly expenses if you are not able to organize and manage your finances, these efforts may not result in significant considerable changes and accomplishments.

One of the best approaches to keeping full control over your finances is by following a budgeting method – today, we bring you the 70-10-10-10 Budget Method.

What is the 70-10-10-10 Budget Method?

The 70-10-10-10 budget method is a simple yet effective budget method that can improve your income management. It consists of dividing your earnings after tax into four different categories:

  • Monthly living expenses (70%)
  • Long-term savings (10%)
  • Personal spending and/or short-term savings (10%)
  • Charity and social causes (10%)


By allocating a percentage of your earnings to each category, you can ensure that your financial resources are used in a more consistent and organized way.
We will now get into each category in detail.

Monthly Living Expenses

This first category refers to your monthly fixed living expenses, which include:

  • Rent/mortgage
  • Utility bills
  • Groceries
  • Health insurance
  • Transportation costs
  • Other essential needs


By allocating 70% of your budget to your basic expenses, you can ensure that your essential needs and obligatory bills are covered. Once this is taken care of, you can now move on to the next (and most enjoyable) categories.

Long-term Savings

This category focuses on savings and long-term investments. In other words, planning for the future. So, whether it’s for a down payment on a house, building an emergency fund, or investing in your retirement, 10% of your budget should be allocated to this category.

Short-term savings and personal spending

The short-term savings or personal spending category is one of our favorites – and probably yours too. In this section, you can include all the treats for yourself, hobbies, leisure activities, non-essential clothes, and anything else that brings you joy. While we like to refer to it as the ‘fun category,’ it’s important to control your expenses and avoid overspending. The best part? Media Rewards gift cards are here to help! By participating in our premium paid surveys, you can add extra income to this category. Your Wishlist will thank us later!

Charity and social causes

This last category highlights the importance of giving back to society and creating a positive impact. By helping those in need and contributing to causes you believe in and care about, you can experience a sense of fulfillment and happiness. Moreover, in the US, charitable donations are tax-deductible, providing extra motivation to support the causes that matter to you.

Media Rewards Image example of Zero-Base Budgeting

Revolutionize Your Financial Landscape With Your Favorite Rewards App

Taking Media Rewards’s paid surveys will bring you the so-wished extra source of income. To take the best of your earnings and efforts, following a budget method is a fundamental step to organize and keep track of your monthly expenses, allowing you to manage your finances effectively.

To take full control over your finances, we presented you the 70-10-10-10 budget method as it is a great option due to its simplicity and ease of use, with broad coverage across the different budget sections.

Not sure how to use Media Rewards and everything you can earn with us? Wait no more, check our detailed article “Everything you need to know about Media Rewards“with tips on the best rewards app out there.

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