Let’s break it down, looking at typical budget items. Trust me, that’ll make your life a lot easier! When you’re figuring out your percentages, you should be applying those percentages to the general budget category items. If you need help with this, check out this list of over 150 potential budget categories to narrow down your own budget, or download your free printable below. It’s important to sit down and figure out exactly what applies to you before you can start allocating a particular percentage to each of your general budget categories. Your budget is very personal and unique to you and your family. ![]() But that might not be the case for your friend or relative, who has a landline! The budget categories that are most common for everyone’s budget is housing/utilities, transportation, and food.īeyond that, there are a lot of variabilities that could affect your budget categories.įor example: do you have a home phone line? If not, there’s no reason to add that into your monthly budget categories. Having these percentages figured out ahead of time allows for more flexibility with less headache for your budget now and in the future. In that case, you know you can cut that out or lower it and add a 5-10% boost to your debt payoff. You might have allocated 10% of your monthly budget to restaurants, fast food, and coffee. In that case, it’s helpful to have your household budget percentages figured out ahead of time so you know exactly where you can fluctuate on things a little. You might lower your percentages in one category to add more to your debt payoff. Say, for example, you are shifting your main focus to paying off your debt. It can cause failure pretty quickly, in the form of over-drafting on your bank account or allocating too much to one category and not enough to another.īudget percentages are also helpful for keeping your finances in check when things take a shift in your monthly budget. They’re especially great for beginner budgeters, since the thought of mindlessly allocating money to each household budget category can be a daunting task. ![]() 7 That’s our breakdown of household budget percentages!īudget percentages are so great for keeping your budget in check.6 How to stay within your household budgeting percentages.5 How do you calculate percentages of your budget?.4 How to figure out household budget percentages on an irregular income.3.1 Dave Ramsey’s household budget percentages.3 What should your budget percentages be?.1 Why use household budget percentages?.
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