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List Out Your Expenses


Now let’s talk about expenses. We usually boil expenses into three categories: your required costs, like food, housing, bills, etc; your luxury costs like eating out, hobbies, etc; and your savings. Some people float around different %s for each of these, but we don’t want to lie to you– your %s will be based on where you live and what your priorities are. Plus, these don’t take into account taxes, so do all your calculations with after-tax earnings.


  1. Expenses include utility costs, luxury costs, and savings. There are different ratios people aim for of each. These numbers use after-tax numbers