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| Income and Jobs Discuss jobs, career options and of course salaries |
Topic Review (Newest First)
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| 27-11-2019 08:48 PM | |
| Unregistered |
Assume you earn $24,000 in a year. i.e., $2000 in a month. If you spend, $500 on transportation: 500/2000 = 25% of your earning and you are only left with $1500 to spend and save. On the other hand, assume you earn $240,000 in a year i.e., $20,000 in a month. If you spend, $500 on transportation, i.e., the same amount as previous scenario, it is only 2.5% of your earning. You are left with $19,500 to spend and save. $500 spending on transportation (real terms) is different for the two scenarios. It is always a good practice to look at the percentages |
| 27-11-2019 08:19 PM | |
| lost |
transport as percentage of income for Self-employed Hi all, It's coming to the end of the year, and I'm looking at my expenses. What would be a normal range for transport expenses? Should it be in real terms, or percentage? thanks! |
