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Budget Percent Calculator
Here are suggested percentage guidelines based on net income compiled by Dave Ramsey, author of
Financial Peace
(Viking, 1997, $21.95) which he says are only recommended percentages and will change dramatically if you have a very high or very low income. For instance, if you have a very low income your necessities percentages will be high. If you have a high income, your necessities will be a lower percentage or income and hopefully savings (not debt) will be higher than recommended.
Enter your net-income for whichever period of time you would like to translate the percentages into:
Expense
Range
Low End
High End
Charitable gifts
10-15%
Saving
5-10%
Housing
25-35%
Utilities
5-10%
Food
5-15%
Transportation
10-15%
Clothing
2-7%
Medical/Health
5-10%
Personal
5-10%
Recreation
5-10%
Debts
5-10%
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