Based on a $30,000 combined monthly income of two, how do I know if we are doing the right percentages for monthly expenses and savings for a home?
2007-09-01 04:26:00 · 2 answers · asked by RM 1 in Business & Finance ➔ Personal Finance
If you make $30,000 / month, AKA $360,000 / year, hire a professional financial adviser.
If you mean, $30,00 / year, the answer is the same as for anyone with a 'normal' income. There is NO best percentage. WRITE a budget each month and don't overspend on anything. save or invest whatever you don't actually need now. Setting 'savings' aside and using credit cards for monthly expenses is counter productive.
2007-09-01 04:48:03 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
since you throw the down payment for a house in there i would say at least one third == 15 for short and long term savinings and 15 for the house!!!
2007-09-04 10:43:26 · answer #2 · answered by mister ed 7 · 0⤊ 0⤋