One of the reasons people fall into financial trouble is because they do not have a budget or spending plan. Without one, it is difficult to have real clarity about the flow of income and expenses.
As you create a monthly plan that is based upon your take-home pay, consider using the recommended percentages above. These are only meant to be a guide, your actual budget allocations will vary, depending upon your income and the unique needs of your household.
Whether you use a good old fashion paper budget or an app, creating a budget will bring you clarity and give you the freedom and flexibility to make informed financial decisions.
There are several good budgeting apps and tools to choose from. I recommend visiting nerdwallet.com for their 2019 top picks.