SurfNturf-The marginal propensity to save is said to be 35% of every dollar. For every dollar is earned, 35 cents will be saved.
This is the average savings, but not everyone uses this percentage for saving. Planned spending is what you intend to spend your income on. These expenditures are usually fixed on-going expenses such as a mortgage and auto note.
A family can allocate additional planned spending in terms of charitable giving. These funds can be annualized and added to a families’ overall budget. This types of money investments enhance the quality of life in the neighborhood.