Know How Much Things Cost Ot Save Money
By Allan Hoffman
Thursday, March 25, 2010
To save money on your cost of living you need to know how much you actually make and how much things cost. For instance:
• if you’re salary is $35,000 a year - after taxes- you’ll take home a little more than $28,300.
• If your medical and dental insurance comes off the top, that drops to $25,300
• You should pay no more than 30% of your income for rent or mortgage.
• And You should pay no more than 15% for food.
• You should put away 10 percent every month to savings
• The best way is to have it taken out automatically before you get your pay check.
Here is a website with a lot of good information if you’re looking to cut back on how much you pay to live:
http://www.kiplinger.com/columns/starting/archive/2007/st0404.htm
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