By doing this exercise, i’m really seeing how high my fixed expenses are (most of which are in Needs). In a recessionary environment, fixed expenses don’t let you be nimble because these are expenses you must pay. I need a side hustle or two ?
.
My Fixed expenses from my paycheck are:
? Mortgage 33% of paycheck (23% of gross)
? Car payment and insurance 6% of paycheck.
? Utilities 5%
.
Every other expense, Need and Want, is about 5-6% or lower of my take home pay..
.
.
My Savings % continues to be intentionally high. I took an extra $1200 from my savings and invested it in the market this month and that is included. ??
.
What are some resources and ideas you’d like to see come out from this page?
