Monthly Budget of Middle Class Family check list monthly budget

Monthly Budget of Middle Class Family check list monthly budget

आमच्या ब्लॉगवर आपले स्वागत आहे! 

Monthly Budget of Middle Class Family check list monthly budget

The monthly budget of a middle-class family can vary depending on factors such as location, family size, and individual circumstances.

Generally, a middle-class family aims to strike a balance between their income and expenses, ensuring they can cover their basic needs while also allocating funds for savings and discretionary spending.

This budget typically includes expenses like housing, utilities, transportation, groceries, healthcare, education, debt payments, and entertainment. The specific allocation of funds within these categories may vary from one family to another based on their priorities and financial goals.

MONTHLY BUDGET OF A MIDDLE-CLASS FAMILY 

These checklists and tips will help you plan your home budget. 

Income:

Salary+ Rent+ Interest+ Dividend+ Gifts+ Other sources

monthly budget

Expenditure:

Priority/Needs/Unavoidable:

EMI

Rent

Maintenance

Tuition fees

Gym fees

School fees

Yoga fees

Cable

Internet

Milk

Veggies, non veg. items, Fruits

Gas

Electricity

Mobile bills

Insurance premium

Travelling exp. for office and other imp. Work

Medical exp.

Grocery

Clothes

Credit card payment (Don’t include luxury)

Pocket money for self

'Monthly Budget of Middle-Class Family check list monthly budget'

 Monthly Budget 

Investments:

Short term:                 Longterm:

Fixed Deposits            Insurance

Mutual fund                Postal schemes

Bonds                            Shares

Amt. to be kept for Occasiona Exp.

Repairing work

Medical exp.

Appliance replacement

Unexpected Travelling

Ironing

Personal grooming (barber shop)

Gifts to someone

Luxuries (Avoid if you can):

Shopping

Hotelling

Travelling

Gifting

Home Decor/Furnishings/ Purchasing Fancy Appliances

Entertainment

Show Off

check list monthly budget

Emergency Fund: 30% Amt. must keep aside Monthly Budget of Middle Class Family check list monthly budget 

Tips:

Try to make full use of any item.

Stop Wastages.

Don’t follow anyone’s lifestyle.

Live happily with what you have.

Stay satisfied. 

Monthly Budget

It's important to note that the specific amounts allocated to each category can vary greatly depending on individual circumstances, priorities, and geographical location. A middle-class family's monthly budget will reflect their unique needs and financial goals.

"Monthly Budget of Middle Class Family check list monthly budget"

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