Q & A
On a recent show, you mentioned that 35% of your budget should go to fixed living costs? Is that right? What costs make up the 35%? Can you please provide the list again? Great show thanks!
Patrick
The 35% applies to “housing”, Patrick, not fixed costs. Housing is comprised of your mortgage/rent, property taxes and condo fees, home insurance, heating, electricity, and home maintenance. Go check out my Interactive Budget Worksheet for all the info you need.
