How much should you have for miscellaneous expenses?
How much should you have for miscellaneous expenses? Miscellaneous. Your miscellaneous budget should account for every expense not included in the other budget categories. For example, how much do you spend on each of the following? Limit your miscellaneous expenses to be about 11% of your take-home pay.
What is the 75 15 10 rule?
The 75/15/10 method involves allocating 75% of your earnings for spending, 15% for investing, and 10% for saving, prioritizing building wealth through investments rather than relying on savings.
What is the 40 30 20 10 rule?
40% of your income goes towards your savings. 30% of your income goes towards necessary expenses (food, rent, bills, etc.). 20% of your income goes towards discretionary spending (entertainment, travel, etc.). 10% of your income goes towards contributory activities (donations, charity, tithe, etc.).