Instructions
Add your hourly wage to find out roughly the maximum amount you should spend within each type of expense .
The percentages provided are based on an average recommendation for each category based on financial resources found online.
Instructions
Add your hourly wage to find out roughly the maximum amount you should spend within each type of expense .
The percentages provided are based on an average recommendation for each category based on financial resources found online.
Footnotes:
*Wage x 40 hours x 52 weeks (adjust average wage to include overtime)
** Based on finance related internet sources in 2023
*** Percentage may be lower for higher annual incomes and for different coverage
**** Earners in a higher tier marginal tax rate may make this percentage higher for some middle class wage earners
Mike Woolsey, Wisconsin, USA (mikewoolsey@yahoo.com)