Question

What is the maximum percentage of net spendable income that should be set aside for transportation

Answer 1

It is always advisable to set aside 5%-10% of the average net income of a person

Explanation:

1. Not Fixed- It is not a standard set of percentage that can be set aside for transportation expenses as income of people varies from person to person for which if has no fixed percentage.

2. Variables-There are many variables that should be taken into consideration which can be the salary of a person and the kin of transportation it take which further can be a private or a public transport.

Hence, as a whole it is advisable to save 5%-10% of the total income keeping above factors in mind.