WILL SOMEONE PLEASE ANSWER MY QUESTION.?

Question

I have been living on my own for about 1 year. My bills are around $650/month. That includes rent, utilities, groceries, cable/internet, car insurance, gas. I make around $330/week, so around $1320/month in a 4 week month. Do you think my bills are to high for the amount I make. I was thinking about getting a second job, so then my pay would be around $500/week or $2000/month in a 4 week month. But I don't know if I could handle working two jobs. Does what I make right now sound too low percentage wise compared to how much my bills are or not. Please don't say only I would know, what do you think. How much percentage wise are you bills compared to how much you make, so I can make a comparison.

Answer 1

It sounds like you have plenty of money left over. I would definitely recommend starting a savings account and save some of that left over money while you can!  

Answer 2

I think that ratio is fine.  Less than half of you monthly income goes to all your bills.  That leaves you half you monthly income to save, invest and have fun with.  You could get another job to get richer faster but you really don't have to.

Answer 3

If those are all the bills that you pay in a month, you are fine.  The problem people get into is when they spend more in a month than they make.  You should start saving as much of the extra money as you can for an emergency fund and retirement.  It's great that you only spend about half of what you make each month.