money guidance and how to get rich_5

_{Both Intuit and Microsoft also offer money management tools online}

_{at their websites, www.quicken.com and www.moneycentral.msn.com,}

_{respectively. Fool.com offers many similar features, as well.}

_{It varies widely, of course. Where you live is a major factor in how little}

_{you can manage to pay for some products and services. Car insurance,}

_{for example, can cost very little in some regions, and an arm and}

_{a leg in others. Likewise, housing costs can be sky-high in some parts}

_{of the country and quite reasonable elsewhere.}

_{Here are some very rough guidelines on how much of your after-tax}

_{income you might aim to spend on various categories:}

_{• Housing and utilities: 25-30%}

_{• Food: 10-15%}

_{• Vehicles: 10-15%}

_{• Insurance: 5%}

_{• Saving and investing: 10-15%}

₆

₅

_{• Entertainment: 5%}

_{• Clothing: 5%}

_{• Medical: 5%}

_{• Childcare and education: 1-8%}

_{• Gifts and charity: up to you}