👉 Lifestyle math is the practical application of financial planning and budgeting to everyday living expenses, aiming to achieve a balanced and sustainable lifestyle. It involves tracking income and expenses, setting realistic financial goals, and making informed decisions about spending, saving, and investing. By understanding and applying concepts like the 50/30/20 rule (50% needs, 30% wants, 20% savings/debt), individuals can allocate their resources effectively to cover essentials, enjoy some discretionary spending, and build long-term financial security. This approach helps in avoiding debt, saving for emergencies, and planning for future goals like retirement or buying a home, ensuring a stable and fulfilling lifestyle.