Budget %'s for those who want it

CTri17

This is for Family of 2 Married Couple- there are others if you are interested

I'll use 45,000 as the Gross Household Income-  again if you need a different one let me know

1. Tithe- 10%

2. Taxes- 21.5%

1 & 2 are before taxes so they don't count into the net which is below

Net Spendable Income = 100%

3.  Housing 30%

4.Food -12%

5. Auto- 14%

6. Insurance - 6%

7.Debts- 5%

8. Entertainment/Recreation- 6%

9. Clothing- 6%

10. Savings- 5%

11. Medical / Dental- 6%

12. Misc- 6%

13. Investments- 5%

extra- if you have school/childcare you would subtract that from above.

These are the median, I would say they range 2% lower or higher depending on your categories.

So say you have no debt- that 5% can go somewhere else.

Or if you have a lot of debt you would take some out of entertainment/recreation or clothing etc 

imshell

That is nice, I might incorporate that into mine and see where I'm at...

Thanks! 

JenniferBultman

Thanks for posting this- good to know.  It's good to see where we fall in perspective to this, like we put way more then 5% into savings, but I'm sure other area's are also higher...

 Thanks for posting this!!

Tayrusso

Thank you Christina!!!