Get Your Expenses Structured
Finance Management is not an easy thing, there're always are some recommendations, as well as there're some exceptions.
So, what are the basic recommendations on the management of your own finances? Today I'll share with you the opinion of the American Consumer Credit Counselling.
Here's how your spending should look like:
✅ 35% on housing expenses, which include such things as rent, mortgage and all electricity & water & cellphone & repairs & heating, etc bills.
✅ 20% transportation expenses, such as auto loan & insurance, gas & maintenance, public transport & taxi, parking and even fines.
✅ 20% other living expenses, such as clothing, groceries & eating out, education, entertainment, medical bills, gifts & donations and personal care expenses (toiletries, haircuts, etc).
✅ 5% debt expenses. This includes credit cards, personal and student loans, etc.
✅ 20% on investments and savings. This include such things as emergency and retirement fund, some personal financial goals and money for your saving account.
⬇️⬇️⬇️ FOLLOW, LIKE & SHARE, ⬇️⬇️⬇️ as well as FOLLOW ME on 
Dont you think 20% is very big amount in term of saving :( i cant even save 10%
20% is not only savings, it's saving's & investments.. I think it depends from family to family... I manage to save and invest a bit more, but what struggles do you have?
Did you try to save more?
You are right, it depends from Family to Family :). In my family, I am the only one who earn. So there are more expenses. From now I will try to make budget and try to save some. Lets see if i get success or not :)
most places where we cost 70% of debt so can not do anything because it is too large spending with income
Do you mean that in your country people usually spend 70% of earnings on paying debt?
Why is it so? Is there any specifics about this situation?
yes ,,, merely dig a hole, close the hole. make money to pay the debt even though a developed country but the debt of the state is increasing.