Does any know what the percents are for what your supposed to spend?

Question

Like:

Housing 30%

Food 15%

Charity 15%

Entertainment 3%

something to this effect! I had one a long time ago but I don't know what I did with it. and any help would be greatly appreciated. Im trying get this done by 2pm. Sorry don't mean to rush....

Answer 1

You are pretty close on your figures.

I do a lot of reverse engineering when I figure my budget, and I build it on this foundations: Financial experts recommend that we spend no more than 65% of our income on living expenses. The remaining should be going to investments, charity, and recreation (no more than 10%).