Lifestyle Budgeting: 28% Or Less Of Income Should Be Spent On Housing
b'"A lifestyle creep can happen with increasing lifestyle expenses as income increases. You should track spending with a budget and monitor your debts, savings, and changes in net worth. Credit cards and \'buy now, pay later\' can make it easy to overspend. No more than 28% of income should be spent on housing and no more than 36% paying off debt. Make saving and investing automatic and utilize 401k and IRA contributions," says Carrie Schwab Pomerantz.'