Answer;
-38 %
Explanation;
-Budget busters are the large potential problem areas that can destroy a budget. Failure to control even one of these problem areas can result in financial disaster.
-Housing takes about 38 percent of your monthly budget. Housing decisions should be based on need and financial ability, not on internal or external pressure.
-Food takes 12 percent of your monthly budget. The reduction of a family's food bill requires quantity and quality planning.
-Transportation (purchase and maintenance), takes 15 percent of your monthly budget, Debts takes 5 percent of Net Spendable Income, Insurance takes 5 percent of Net Spendable Income assuming an employer provides medical insurance, Recreation/Entertainment takes 5 percent of Net Spendable Income, Clothing takes 5 percent of Net Spendable Income, Medical and dental takes 5 percent of Net Spendable Income and Savings takes 5 percent of Net Spendable Income
Kym T
