IF I NET $6000 .00a month HOW MUCH SHOULD MY BILLS BE AT MOST WITH EVERY THING?

Answer 1

Your TOTAL living expenses should be no more than 75-80% of your net.

So in your case 4500-4800 per month.

Answer 2

You should be saving for retirement at 15%; should have 3-6 months of savings set aside just for emergencies and should be funding a college fund (if you have children or yourself will be attending college). Then after that housing should only be 25% (30% with taxes & insurance) of your net pay and utilities 5% and food (family of 4) about 12%. After that you should be working for 0% going to debt. ($3720 should be going for all the above, unless you aren't out of debt then don't fund the retirement sock that money on the debt and the other $2000 to get out of debt) These numbers do not take into account child care.

Read the below article about percentages. I suggest you check out Crown's website and Dave Ramsey's website for more budgeting tools.

Answer 3

One weeks paycheck should cover rent/mortgage in order to make it. Don't know where you live so I can't estimate how much your utility bills should be. Car payment should also not be more than a weeks pay. Factor in insurance, credit card payments , phone, cable etc, they should also not exceed one weeks paycheck. With what you make , you should be fine at 1500 a week if you use your head.

Answer 4

15% less than the 6000 dollars the 15% goes straight to savings so you have 5100 for everything else!!!

Answer 5

it's odd that someone making that much money doesn't know how much they can afford to spend. I'd save at least 10% of that amount, if not more.

Answer 6

If you want to ask a serious question, then don't use all caps, and provide some information.