Do you think about other sources of money you receive when you consider how much income you have? Other resources can be child support, spousal support, gifts, yard sales, etc. Your money has to have an assignment so that you know exactly where it went. The assignment for your money does not stop at bills & food; but it also includes entertainment, gifts, savings, vacations, education, etc.
We plan for a lot of things and think that we can make it thru an unexpected event. But have you considered that the unexpected could come back to back?
Are you prepared for unexpected expenses?