Debt Consolidation Forums Budgeting and Personal Finance forums

Is there any way I can compare my budget with others?

member profile picture
Posts: 1
Credits: 26.35
[Donate]

I want to plan a realistic budget but how will I know whether or not my plan is ok? Is there any way I can compare my budget with others?




Yes, there are websites that let you compare your budget with others.
Try a simple logic to start planning your budget. Try to save about 20% of your income and plan your expenses accordingly. Remember one budget doesn't last for long. You have to revisit and modify from time to time even if you plan a realistic budget at the first try.

Sub: #1 posted on Fri, 11/10/2017 - 18:04

Good Nelly Good Nelly
Industry Expert
(Posts: 2668 | Credits: 533.16)

follow the 50-20-30 budgeting Rule.

50% of your income should go for living cost and essentials including your rent, utilities, groceries and transportation for work.
20% of your income should go to achieve financial goals including savings, investments, and debt-reduction payments.
30% of your income is for flexible spending like trips, entertainment, celebration etc.

Sub: #2 posted on Fri, 11/10/2017 - 18:17

sanderspatricia29 sanderspatricia29

(Posts: 683 | Credits: 71.47)

Yeah, there are few sites, you can check here - https(dot)//www(dot)nerdwallet(dot)com/blog/finance/budgeting-saving-too ls/

Sub: #3 posted on Mon, 11/13/2017 - 11:27

tiarajoseph11 tiarajoseph11

(Posts: 317 | Credits: 44.37)

Budgeting apps are there. You can use them to get an idea. Just read the reviews of the apps before installing on your smartphone.

Sub: #4 posted on Mon, 11/13/2017 - 13:48

SC SC
Moderators
(Posts: 3937 | Credits: 398.71)

There are budgeting apps that help you plan a budget by comparing your one with others. You'll somewhat get an idea to plan a realistic budget.

Sub: #5 posted on Thu, 11/16/2017 - 18:53

Mabelle Page Mabelle Page

(Posts: 161 | Credits: 15.88)

Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.

Share post

Page loaded in 0.750 seconds.