What is the 60% Solution?

In Personal Finance - Budgeting - Asked by Admin - 9 months ago

The name "The 60% Solution" originates from MSN Money’s Editor in Chief Richard Jenkins' suggestion on spending 60% of a household's gross income (before taxes) on fixed expenses. Fixed expenses includes federal, state and Social Security taxes, insurance, regular bills and living expenses- like food and clothing, car and house payments.

Answered by Admin - 9 months ago

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What is the 60% Solution?

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