I learned about this rule from our Pastor and I decided that I would try it. The 10 means I will give 10% of my monthly salary to the church which is actually biblical. This is in fact termed as "tithing". A tithe is giving 10% of all produce (plants/animals/anything you have received) to the Levites. This is found in Leviticus 27:30.
Now the 70 means 70% of your monthly salary is to be spent on expenses like bills, food and gas. If you still have clothes to wear, you don't have to buy new ones yet. You just have to make do. My mother sometimes gives me clothes and underwear. My brother also sends some clothes from abroad so I don't have to spend a lot on clothes. My work requires me to wear a uniform so no hassle. With God's help all things are possible. Matthew 19:26.
There are a lot of things bothering today's moms. I am sure this principle would help those who don't know what to do with their hard earned money. At the end of the year, I will post the result of the 10-20-70 rule in my life. Thank you for taking the time to read this. Please post your comments about this rule. Are you willing to apply the 10-20-70 rule in your lives?