Are you spending your money on the right things? From transportation to entertainment, to the amount of debt you’re carrying, comparing your expenses to what’s recommended may highlight areas for change.
Hover over the different sections of the pie chart to see what’s included in each category. Add up the expenses that apply to you, and jot down your category total. To calculate the percentage, divide the category total by your monthly income. Move
the decimal two places to the right, and that’s the percentage. Here’s an example: If your housing expenses are $1,300 and you make $3,750/month, divide $1,300 by $3,750 and you get .346. Move the decimal and it’s 34 (or 35, rounding
Hover over the different-colored sections of the pie chart to see an optimum budget breakdown. *
If, in the savings category, you find you’re not hitting 10% (or more) but you’d like to, read this helpful article on how to boost your savings.