Internet And Money

Housing – Spend no more than 35% of net income on housing. Depending on whether you rent or own, that
can include: mortgage/rent, utilities, insurance, taxes, and home maintenance.
Savings – Save at least 10% of income throughout your working
life. Make sure you have 3–6 months income in an emergency fund
before you start saving for other goals.
Transportation – Spend no more than 15% of net income on
transportation. That includes: car payment, auto insurance, tag or license,
maintenance, gasoline, and parking.
Debt – Spend no more than 15% of net income on all other consumer
debt: student loans, retail installment contracts, credit cards, personal
loans, tax debts, and medical debts.
Other – Spend no more than 25% of net income on all other expenses:
food, clothing, entertainment, childcare, medical expenses, tithing/charity,
and vacations.