by Anna Pfaehler
Monday, January 19, 2015
in Financial Planning
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As we discussed last week, your budget should categorize expenses as necessary, debt reduction/saving and lifestyle choices.
This week we’ll give some rules-of-thumb about how much you should spend in each category. Your personal situation is unique and may not fit exactly with these guidelines; however, they provide a place to start.
Your “necessary” expenses, as the name suggests, are ones that are difficult to do without and the fat here may be tough to trim. We typica...