The below link provides a budgeting guideline for each category of expenses. The general idea is to confirm that you aren’t spending more than you earn and that you are able to save some of your income. While the article offers general recommendations, your allocation to certain expenses may vary based on your unique situation. Our advice is to save a larger percentage than recommended in the article, such as 10-20%, and to maintain a sufficient amount in an emergency fund, such as 3-6 months of expenses. Please let us know if you have any questions and/or if you would like help in creating a savings plan.