how much money you spend each month? [duplicate]

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How much money should you have leftover each month?

How much should you save each month? One popular guideline, the 50/30/20 budget, proposes spending 50% of your monthly take-home pay on necessities, 30% on wants and 20% on savings and debt repayment. For example, if you make $4,000 after taxes each month, that works out to $800 for savings and paying off debt.

How do I calculate how much I spend a month?

To get the average, add up the amount of money spent for 12 consecutive months, then divide by 12. This will give an average of how much has been spent per month.

How much do you spend on average a month?

According to the latest statistics, the average yearly expenses of a US consumer in 2020 are $61,334. This averages to $5,111 per month. This represents a 2.7 percent fall from 2019, during which average consumer spending in the US was $63,036 \u2013 the first decrease in years.

What is the 30 rule?

The 30% rule is one guideline for determining what you should pay. This rule of thumb for rent dictates spending no more than 30% of your income on housing each month.

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How much should I spend each month? | Your Money, Your Choices with Susan Daley

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