Budget Percentages

Sometimes when I send people blank budget sheets, I attach these percentages that some financial experts agree on.

Here is the percentages that are suggested for your budget:

35% Housing (Rent/Mortgage, property tax, utilities)

15% Transportation (Vehicle payments, insurance, gas)

25% Life (Groceries, misc, everything that doesn't fit in the other categories)

15% Debt (this is the amount each month that you are paying towards your debt)

10% Savings

Take a look at your spending in a month and see how close you are to these percentages.