What are my monthly expenses?

The ideal monthly expenses can vary depending on factors such as income, lifestyle, location, and personal financial goals. However, as a general rule of thumb, financial experts suggest that no more than 50% of your income should go towards necessities such as housing, utilities, and food, with the remaining 50% divided between discretionary spending and savings. Ultimately, it's important to create a budget that takes into account your unique financial situation and goals to determine what an ideal monthly expense should be for you.