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Our Client Asked:

Dear Advice Team,

I would like to know the specific percentages of your income that should go toward housing, clothing, groceries, entertainment, medical, savings and whatever else I have left out? I just filed bankruptcy and don't want to make the same mistakes again! -Vicki

Vicki,

One of the guidelines MMI uses in advising people on "what to do with your money" is a formula we outline as: 70+20+10=100.

Translated, that means of your net income, no mor More...

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