This is how much you should budget on food and housing if you make $50,000 per year

FAN Editor

Food and shelter are two necessary items in every household. With prices rising around the country, it’s helpful to think of how you can adjust your budget to pay for these essentials.

For one thing, finding a way to reduce your spending in both categories will go a long way toward freeing up cash to reach other goals or to prepare for unexpected costs.

CNBC crunched the numbers for a person making $50,000 per year to give you an idea of how best you can meet those essential expenses.

Check out this video to learn what your household spending should look like every month.

More from Invest in You:
How to save $1 million for retirement if you make $90,000 a year
Meet a human trafficking survivor who built her own business with $400
NBA champion Dwyane Wade shares his three best tips for managing money

SIGN UP: Money 101 is an 8-week learning course to financial freedom, delivered weekly to your inbox. For the Spanish version Dinero 101, click here.

CHECK OUT: Meet a 34-year-old who has sold over 11,000 items on Etsy and makes nearly $3,500/month in passive income with Acorns+CNBC

Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.

Free America Network Articles

Leave a Reply

Next Post

Britain urges people with monkeypox to abstain from sex as cases rise

Test tubes labelled “Monkeypox virus positive and negative” are seen in this illustration taken May 23, 2022.  Dado Ruvic | Reuters U.K. health authorities have urged anyone who tests positive for the monkeypox virus to abstain from sex until their symptoms have cleared. In new guidance released Monday, the U.K. […]

You May Like