Their definition of “comfortable” is in the lower right corner. It is a 50/30/20 budget. 50% on necessities, 30% on discretionary spending on 20% on savings.
Wow, 20% savings! Yeah, that’s pretty comfortable, I don’t think I’ve ever known anyone to do that on a regular basis. Of course, as you earn more that quickly becomes lifestyle creep
Their definition of “comfortable” is in the lower right corner. It is a 50/30/20 budget. 50% on necessities, 30% on discretionary spending on 20% on savings.
Wow, 20% savings! Yeah, that’s pretty comfortable, I don’t think I’ve ever known anyone to do that on a regular basis. Of course, as you earn more that quickly becomes lifestyle creep
those numbers are radically different if they are 50K vs 500K. and generally that rule is only for those of us on the lower end of the spectrum.
if you’re pulling in 500K a year you and spend 70% on necessities you still have 150K in disposable income.