![]() ![]() ![]() Now that we understand the basic idea of Pareto, we can put this to use with charts to really help visualize where our money saving opportunities can be found. If you can learn to focus on improving in these “heavy-hitter” areas, you can make a real dent in your monthly expenditures! We typically have 20% of our monthly items accounting for 80% of our total household budget. I think the same also holds true with our normal monthly budget. This “rule” is found to work well in nearly all facets of life. Have you ever heard the saying that 20% of the people create 80% of the problem? That’s basically the Pareto rule in effect. If you answered yes to any of these questions, then read on to find out how you can create our own money saving plan using pareto charts! What Are Pareto Charts? Create Your Own Money Saving Plan Using Pareto ChartsĪre you interested in saving money, but don’t know where to start? Do you want to make sure you focus your money saving muscle in the area where you will actually see the most benefit? Do you just love creating charts and graphs in Excel?
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