Finance 101: MAINTAINING a budget

finance

CHICOPEE, Mass. (Mass Appeal) – Continuing our finance 101 series, we learned about the importance of maintaining a budget. Financial Counselor Todd Christian from Cambridge Credit in Agawam explained.

Every proper budget has at least 5 categories. There is an ideal percentage of our monthly take home pay that we should be spending on each category .

35%        15%       15%       10%        25%

Home    Travel       Debt      Savings   Other

 

 

 

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