What is the maximum percentage of net spendable income that should be set aside for food?
The maximum percentage of net spendable income that should be set aside for food is approximately 15%. It can vary from person to person but for mot people this percentage should be the standard. The budget allocation for every spending is required for making a savings from the gross monthly income.
Answer:
Maximum 15%
Step-by-step explanation:
Percentage of net spendable income that should be kept for food should be 15%. Amount what a person spend on food vary from person and their choice but 15% is a standard for most of the people. When a person make budget or allocate money for his various things he should allocate 15% of the whole budget for food.