– Giving – 10%– Saving – 10% -15%– Food – 10%– Utilities – 5% to 10%– Housing – 25%– Transportation – 5%-10%– Health – 5% to 10%– Insurance – 10 to 25%– Recreation – 5%– Personal Spending – 5%– Miscellaneous – 5% to 10%
11 different budget categories.
25% mortgage rule
Dave Ramsey’s 25 rule
you should not buy a house that exceeds the monthly house payment by 25%.
The 30 rule states that one should not spend more than 30% of the after-tax dollar on housing
The 1% rule
the monthly rent collection from an investment property should be equal to or greater than the 1% of the total investment to make a profitable purchase.
Dave Ramsey’s four walls?
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