As long as they’re put somewhere so your spending of every dollar is accounted for, that’s the most important part.Īnd one final point: don’t forget that these percentages are based on your after-tax income. If, however, you want to keep getting take out a few nights each week and allocating 10% to 15% of your budget on food isn’t going to be enough to cover that, you should really reconsider your spending habits.Īnd if you’re still not sure what household expenses to include in what category, it’s not the end of the world. For example, if you want to plough more than 10% of your income into your savings, then that’s great! Just make sure though that any adjustments that you make are in line with your financial goals. So if you need to adjust them slightly to suit your personal circumstances, that should be fine. It’s important to remember that these are only recommended household budget percentages. This lets you keep track of exactly where every cent that comes into your account is going out.Īnd the percentages themselves are as follows: They follow the concept of the zero-based budgeting method, which involves making sure that every dollar has a job. These recommended household budget percentages are from a list that was originally created by Dave Ramsey. What are the recommended household budget percentages? How to create a budget with irregular or fluctuating income?.What is the 70/20/10 rule for your money?.How to determine the best household budget percentages for me?.What are the benefits of household budget percentages?.What about within those overall budget categories?.What do the household budget categories consist of?.What are the recommended household budget percentages?.
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