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Calculate Your Living Expenses


The first percentage listed in this ratio is your day to day living expenses. This includes rent or mortgage, car payments, utilities, food, insurance, and anything else you might have bought that needs paying off. When we talk about scheduling, you can look at your debts and see which ones to prioritize; by removing high-interest loans, you can keep your expenses to the essentials. Also, make sure that you overestimate your expenses; after all, some months you may underspend on groceries while other months you might have car repairs or other things to deal with.


  1. Living expenses include all required payments.
  2. This includes loans you have to pay.
  3. You’ll want to prioritize loans to reduce this cost later on.
  4. Overestimate costs, which helps in case of emergency.