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Is there any way I can compare my budget with others?

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I want to plan a realistic budget but how will I know whether or not my plan is ok? Is there any way I can compare my budget with others?

Yes, there are websites that let you compare your budget with others.
Try a simple logic to start planning your budget. Try to save about 20% of your income and plan your expenses accordingly. Remember one budget doesn't last for long. You have to revisit and modify from time to time even if you plan a realistic budget at the first try.

Sub: #1 posted on Fri, 11/10/2017 - 04:34

Good Nelly Good Nelly
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follow the 50-20-30 budgeting Rule.

50% of your income should go for living cost and essentials including your rent, utilities, groceries and transportation for work.
20% of your income should go to achieve financial goals including savings, investments, and debt-reduction payments.
30% of your income is for flexible spending like trips, entertainment, celebration etc.

Sub: #2 posted on Fri, 11/10/2017 - 04:47

Sanders Patricia Sanders Patricia

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Yeah, there are few sites, you can check here - https(dot)//www(dot)nerdwallet(dot)com/blog/finance/budgeting-saving-too ls/

Sub: #3 posted on Sun, 11/12/2017 - 21:57

tiarajoseph11 tiarajoseph11

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Budgeting apps are there. You can use them to get an idea. Just read the reviews of the apps before installing on your smartphone.

Sub: #4 posted on Mon, 11/13/2017 - 00:18

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There are budgeting apps that help you plan a budget by comparing your one with others. You'll somewhat get an idea to plan a realistic budget.

Sub: #5 posted on Thu, 11/16/2017 - 05:23

Mabelle Page Mabelle Page

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