Consider breaking up your monthly budget into the following categories.

• Housing: mortgage payments, property taxes, utilities, etc.
• Transit: car payments or transit passes, gas, maintenance, etc.
• Debt: payments to credit cards, lines of credit, etc.
• Savings: your long-term savings for retirement, etc.
• Life: food, vacations, fun, medical, childcare, etc.

Consider spending the following % on the below categories:

• Housing: 35% of your monthly income.
• Transit: 15% of your monthly income.
• Debt: 15% of your monthly income.
• Savings: 10% of your monthly income.
• Life: 25% of your monthly income.