Re: How much should I budget for everything?
I think the savings percentage is a little low. Most advisers suggest 10% of at least net if possible. Non-mortgage debt is also a category that could and probably should be eliminated (over time). Also I think that 16% for a family in the United States is a little high. 10 or even possibly 8 % depending on income is more in the fruga range.(Although I admit I have problems with my food bill and debt reduction is definetly a problem)
I am talking about net not gross income.
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