The 60% Principle

Nick Vance

Date: March 16th, 2018 8:00 AM

60 % Expenses

· Let 60% of your monthly income go directly to expenses.

· Expenses include; rent, utilities, vehicle expenses, and any other fixed expenses you have every month.

10 % - Retirement

· Use 10% of your monthly income toward retirement planning.

· Invest this money wisely with your retirement in mind

10 % - Long Term Savings

· Put 10% of your monthly income into savings for long term purposes

· Long term purposes may include buying a car, buying a home, higher education, and so on.

10 % - Short Term Savings

· Put 10% of your income into saving for short term purposes

· Consider this money to be your rainy day or emergency fund.

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