My Financial Reality


Learning about your economic reality helps you to understand how you manage your money and helps you to identify where you can make adjustments.

To learn about your economic reality you should fill out the  personal budget worksheet .


That's it! Your budget is ready. Now you must make the necessary adjustments to stretch your dollar. Consider the following:

  • If you are in red or yellow, don’t stress. On the contrary, it is important that you know where you are so that you can search for options. Changing from one color to another takes time and discipline. 
  • Household expenses should not exceed 28% of your net income. (Your net income is the money you earn minus taxes and deductions.)
  • You should save monthly between 10% and 20% of your income.