Determine how much you can allocate to different expenses based on your income.
| Expense | Range (%) | Low End | High End |
|---|---|---|---|
| Pension & Insurance Includes retirement contributions and insurance premiums. | 10-15% | ||
| Miscellaneous Includes unexpected expenses and small purchases. | 5-10% | ||
| Housing Rent or mortgage payments. | 25-35% | ||
| Utilities Electricity, water, internet, etc. | 5-10% | ||
| Food Groceries and dining out. | 5-15% | ||
| Transportation Public transport, fuel, maintenance. | 10-15% | ||
| Clothing Apparel and accessories. | 2-7% | ||
| Medical/Health Healthcare expenses and insurance. | 5-10% | ||
| Personal Personal care and hobbies. | 5-10% | ||
| Recreation Entertainment and leisure activities. | 5-10% | ||
| Debts Loan repayments and credit card debt. | 5-10% |