Mamapreneur Thoughts: 26% Finances

How old were you when you learned the average cost of housing is 26% of a family's net income? I was today years old.

After several informal polls in Austin's massive mom facebook groups, I discovered many households fall under this average of mortgage or rent cost to net income at 7%, 16%, 20%, a few at 30%. Only one at 50%. Had I learned this earlier in life we may not have been so broke throughout life. We have always been at 50% or higher.

Mamapreneur thought: teach finances based on percentages to children and young adults. What average percentage is housing, utilities, food, gas, insurance, retirement, entertainment. Instead of numbers which mean nothing to an income of a different budget, show percentages. You could delve even further and investigate averages for investors. What is their percentage of their net income they put into investments?