{"id":929,"date":"2023-01-01T12:00:14","date_gmt":"2023-01-01T12:00:14","guid":{"rendered":"https:\/\/moneywithkatie.com\/?p=929"},"modified":"2025-09-04T20:24:21","modified_gmt":"2025-09-04T20:24:21","slug":"2025-wealth-planner-faq-example-monthly-goal-breakdown","status":"publish","type":"post","link":"https:\/\/moneywithkatie.com\/2025-wealth-planner-faq-example-monthly-goal-breakdown\/","title":{"rendered":"How Your Example Monthly Goal Breakdown Works"},"content":{"rendered":"

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This feature is intended to help you determine the scaffolding of your budget, based on your desired savings rate.<\/h3>\n

Its calculations are based on your Post-Tax Income <\/strong>in your Estimated Monthly Breakdown table, and it takes into account what you\u2019ve already<\/em> saved via paycheck contributions to employer-sponsored accounts. <\/p>\n

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    Select your Goal Overall Savings Rate\u2014what percentage of your post-tax<\/em> income do you want to aim to save? The table will calculate the savings goal for you. <\/p>\n<\/li>\n

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    Next, it\u2019ll subtract anything you\u2019ve already <\/em>saved, and tell you how much of your take-home pay<\/em> you should aim to save each month to hit your goal.<\/p>\n<\/li>\n

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    The guideline figures provided for Housing, Transportation, Living Expenses, and Discretionary Spending are generated based on a dynamic version of personal finance best practices that proportionally reallocates money away from these categories as you save more. <\/p>\n<\/li>\n<\/ol>\n<\/div>\n

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    \u201cHow is this table used in the rest of the Planner?\u201d<\/h3>\n

    It\u2019s not! This table is solely intended to help you determine the big picture of your budget based on your ideal savings rate, but it\u2019s not<\/strong> connected to your Spending or Saving Plans below, so you\u2019re still free to enter whatever you\u2019d like. <\/p>\n<\/div>\n

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