What Should I be Spending in Budget Categories?- General Budget & Finance

What Should I be Spending in Budget Categories? Deciding how much money should be allocated to various categories in a family budget depends upon the particular family's income, lifestyle, and financial goals. The following ranges of percentages, however, can serve as guidelines: Selected

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  1. #1
    Deal GURU
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    Default What Should I be Spending in Budget Categories?

    What Should I be Spending in Budget Categories?

    Deciding how much money should be allocated to various categories in a family budget depends upon the particular family's income, lifestyle, and financial goals. The following ranges of percentages, however, can serve as guidelines:


    Selected Guidelines for Spending Budget Category Percentage


    Housing 33-35%
    Food 18-25%
    Transportation 7-9%
    Clothing 6-12%
    Medical 6-8%
    Automobile Insurance 2-3%
    Life Insurance 2-5%
    Education 1-2%
    Credit Obligations 12-15%
    Savings 2-10%
    Recreation/Entertainment 2-6%
    Church/Charities 2-10%
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  3. #2
    Deal GURU
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    Default Re: What Should I be Spending in Budget Categories?

    thought I would bump this up there is some good guidelines in here
    Mdowdy

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