http://blog.lendingclub.com/2007/10/23/simplifying-your-budget-with-the-60-solution/ The Official Lending Club blog Sun, 29 Jan 2012 13:31:47 +0000 hourly 1 http://blog.lendingclub.com/2007/10/23/simplifying-your-budget-with-the-60-solution/#comment-268 Mike Smith Tue, 23 Oct 2007 19:16:20 +0000 http://blog.lendingclub.com/2007/10/23/simplifying-your-budget-with-the-60-solution/#comment-268 gd, Taxes are included as a committed expense, so calculations should be based on gross income. You'll likely find taxes to be your largest committed expense. Remember that the 60% number is not a hard and fast rule, just a general guideline to be adjusted based on your personal situation. In an upcoming post, I'll go into some of the details of my expenses to give you a real world example of using The 60% Solution as your budgeting method. - Mike gd, Taxes are included as a committed expense, so calculations
should be based on gross income. You'll likely find taxes to be
your largest committed expense. Remember that the 60% number is not
a hard and fast rule, just a general guideline to be adjusted based
on your personal situation. In an upcoming post, I'll go into some
of the details of my expenses to give you a real world example of
using The 60% Solution as your budgeting method. - Mike

]]> http://blog.lendingclub.com/2007/10/23/simplifying-your-budget-with-the-60-solution/#comment-267 gd Tue, 23 Oct 2007 15:19:45 +0000 http://blog.lendingclub.com/2007/10/23/simplifying-your-budget-with-the-60-solution/#comment-267 Pretty sure you mean 60% of your NET income. Pretty sure you mean 60% of your NET income.

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