Also, instead of looking at your whole budget, separate it into required expense vs. optional expense. That will show you what you have to pay (unless you make big changes like selling a car) vs. what you choose to pay. I've bolded the optional expenses (and put food into optional, even though about 50% is probably required):
(Edited)
This means you're spending 61.35% on fixed expenses and 39.65% on optional expenses. The food you need to live is probably anywhere from 10-15% of that, so you're looking at about 25-30% of your spending you can make reductions to. You should be saving anywhere from 5-10% of that, so cut at least that amount.
Last edited by PepsiFree; 09-29-2020 at 07:23 PM.
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