|
|
|
|
|
Personal Finance Calculators
The 60% Solution
A faster and easier way to structure your budget without having to account for every penny.
|
The real secret to building a budget that really works isn't tracking what you spend, any more than counting calories is the secret to losing weight. The key is creating a sustainable structure for your finances, one that balances spending and income and that leaves enough room to handle the unexpected.
By limiting all your essential spending (that means everything from house payments to clothing to insurance and taxes) to 60% of total income, your savings will soar. The remaining 40% goes to cover retirement, long-term savings, irregular but predictable expenditures such as vacations, and fun money for movies and entertainment.
You can use this calculator to estimate your own monthly income and expenses. Read more about the 60% Solution.
|
