What Percent of Income should be spent on .....
The following percentages are roughly how much of your monthly net income should be spent on each category. good to know! :-P
* Housing: 20-30%
* Utilities: 2-10%
* Transportation: 2-5%
* Food and Personal: 12-25%
includes clothing, groceries, entertainment, dining out, dry cleaning, and hair cuts.
* Debt Repayment: 5-15%
if you spend more than 15% on these payments, you may need to make some budget adjustments.
* Insurance: 2-5%
for health, life, auto, and renter's/home owner's insurance
* Health Care: 5%
a resource for when insurance will not cover something.
* Savings: 5-10%
for unexpected expenses, emergencies, or vacations.
* Miscellaenous: 1-2%
From: http://budgetlife.blogspot.com/2007/...rcentages.html
__________________