For example, if you have debt to pay off, you could replace one saving category with “debt repayment.” Or, you could shrink all four categories to make room for a fifth. You may need to tweak these categories to suit your situation. 10% “fun money” for activities, trips, or other infrequent splurges.The rest of your income can go to savings goals or spending that falls outside your typical monthly lifestyle. But if you’re a freelancer or contractor who pays estimated taxes each quarter, determine how much to set aside every two weeks to cover them: Because there are 13 weeks in a quarter, divide your quarterly tax payment by 6.5. ![]() Keep in mind that if you’re an employee, some committed costs, like taxes and health insurance premiums, might come out of your paycheck automatically. 60% of that-how much you can budget for committed expenses every two weeks-is about $1,380.
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