Minimum needed: to cover rent, utilities, groceries, and basic expenses. Nice to have: to maintain something close to your current or desired lifestyle; might include shopping, meals out, hobbies, weekend trips, and the ability to fund long-term savings. Jump out of bed with glee: this number lets you do anything on your lifestyle wish list without hesitation, such as long-distance or long-term travel, large or luxury purchases, or having an abundance of resources for charitable donations or to support extended family.
