Standard of living

Your standard of living is based on:

Take home pay less:

  1. Short-term emergency saving

  2. Long-term retirement investing

  3. Premiums for all forms of insurance, health, including auto, property and casualty and disability

  4. The cost of preparing for survivor benefits; life insurance, mortgage insurance, etc.

And loans limited to auto and mortgages with zero credit card debt.

So, are you living within your means?

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