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This is how much you should budget on food and housing if you make $50,000 per year

How to budget for food and housing if you make $50,000 per year
How to budget for food and housing if you make $50,000 per year

Food and shelter are two necessary items in every household. With prices rising around the country, it's helpful to think of how you can adjust your budget to pay for these essentials.

For one thing, finding a way to reduce your spending in both categories will go a long way toward freeing up cash to reach other goals or to prepare for unexpected costs.

CNBC crunched the numbers for a person making $50,000 per year to give you an idea of how best you can meet those essential expenses.

Check out this video to learn what your household spending should look like every month.

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