A worked example
Fixed costs on 3.5 million KRW monthly income
- Start with
- Income 3,500,000 KRW / housing 800,000, phone 80,000, insurance 180,000
- Check the result
- 1,060,000 KRW monthly, 12,720,000 KRW yearly and 30.3% of income
This totals only the three entered items. Add food, transport, savings and other spending to understand the full cash flow.