The 60% Principle

AuthorNick 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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