Robert Liptak

“I’m living so far beyond my income that we may almost be said to be living apart.” ee cummings If you are living beyond your Bare Necessities (the 50% of your Disposable Monthly income) then you need to find ways to reduce what you are spending on all those things you actually need to live….

The basic balanced formula for successfully allocating your money is to take your disposable monthly income (DMI) which equals gross income minus taxes and use 50% for Bare Necessities, 30% for Wants and 20% for Savings. Today I’ll discuss Bare Necessities. These are the basics which you really can’t live without. After calculating the amount…