
Is this a reasonable budget?
Hi, we are new to adulting and trying to better manage our finances. We found some sample budgets online, but some of them seem quite unrealistic to me.
For example here a household income of 11800, net take home pay would only be around 10000. That means they are spending more than 50% of their income just on servicing their loans! (3000+2500).
Isn’t this too high a ratio and spending beyond their means?