Welcome wage earner. Compare what you make to the recommended maximum you should spend per month.
The percentages provided are based on average recommendations provided by financial resources found online.
Notes:
Annual Income: Hourly wage x 40 hours x 52 weeks (adjust average wage to include overtime).
Transprotation includes vehicle payment, insurance, repairs, and fuel.
Healthcare includes insurance payment and out of pocket costs. Percentage can be lower or higher based on annual income and different insurance coverage options.
Some middle class wage earners may have a higher income tax percentage.
Child care costs are not factored.