One budget plan is called the sixty percent plan. This plan is relatively simple, and works for people who do not like to track individual categories or numbers. It may not work as well for people who have smaller incomes. The plan is pretty basic and straightforward. The plan is to live on sixty percent of your gross income. This should include all living expenses and your taxes. You would need to keep your grocery expenditures, rent, and car payments well below this amount so that you can still cover your other expenses during the month. You will then divide … Continue reading →