Question

If the family’s net monthly income is $7,800, what percent of the income is spent on food, clothing, and housing?

Answer 1

Hello!! My name is Sky and I will be answering your question today!

Answer: The answer is 60 percent.

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-AcEdd

Answer 2

Fifty percent of your take-home pay should be applied to necessities, (housing, food, health care and clothing) and no more than 30 percent of your take-home pay should be spent on wants or luxuries.