How Much Should You Have Left After Bills?
How much money should you have left after paying bills? This will vary from person to person but a good rule of thumb is to follow the 50/20/30 formula. 50% of your money to expenses, 30% into debt payoff, and 20% into savings.
How much money does the average person have left after bills?
If you're looking for the simplest answer possible, the answer is this: $20,748. In other words, the average household has about $1,729 left over after paying the bills each month. That money can be spent or put toward a number of different long-term savings goals -- like retirement or a college education.
The Average American Household's Discretionary Income, by Age and Pay
How much should you have leftover each month after bills?
But it's best to try to follow the 50/30/20 rule of finance. 50% of your income should be spent on needs, 30% on wants, and 20% towards savings/investments. So a healthy percentage to have after expenses AND savings is about 30%.
How much money, or what percentage of income is normal to ...