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  • Recommended Budget Percentages

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    kshambl
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    The document recommends percentages of income that should be spent on various budget items like housing, food, charitable giving, and utilities. It notes that the recommended percentages may change depending on one's income level. If more than the recommended amount is being spent in a category, lifestyle adjustments in that area may be needed to allow for more flexibility in other budget areas.

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    The document recommends percentages of income that should be spent on various budget items like housing, food, charitable giving, and utilities. It notes that the recommended percentages may change depending on one's income level. If more than the recommended amount is being spent in a category, lifestyle adjustments in that area may be needed to allow for more flexibility in other budget areas.

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    32 views1 page

    Recommended Budget Percentages

    Uploaded by

    kshambl
    The document recommends percentages of income that should be spent on various budget items like housing, food, charitable giving, and utilities. It notes that the recommended percentages may change depending on one's income level. If more than the recommended amount is being spent in a category, lifestyle adjustments in that area may be needed to allow for more flexibility in other budget areas.

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    Recommended Percentages (Form 6)

    How much of your income should be spent on housing, giving, food, etc.? Through experience and research, we recommend the following percentages. However, you should remember that these are only recommended percentages. If you have an unusually high or low income, then these numbers could change dramatically. For example, if you have a high income, the percentage that is spent on food will be much lower than someone who earns half of that. If you find that you spend much more in one category than we recommend, however, it may be necessary to adjust your lifestyle in that area in order to enjoy more freedom and flexibility across the board.

    ITEM CHARITABLE GIFTS SAVING HOUSING UTILITIES FOOD TRANSPORTATION CLOTHING MEDICAL/HEALTH PERSONAL RECREATION DEBTS

    ACTUAL % ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________ ___________

    RECOMMENDED % 10 15% 5 10% 25 35% 5 10% 5 15% 10 15% 2 7% 5 10% 5 10% 5 10% 5 10%

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