Rob's Dumping Ground

To be fair, Jenkins isn’t saying to spend only 60% of your income and save 40%. His actual divisions are: * * 60% to “committed expenses” like bills, housing, clothing, food, tithing, etc. * * 10% to retirement * * 10% to “irregular expenses”, which is a combination emergency fund/savings account for vactions, etc. * * 10% to long-term savings and/or debt reduction — pay off debt first, then save for a car or a house * * 10% for whatever the hell you want — comic books, dinner at the French Laundry, your collection of fine shoes