Household budget percentage breakdown free#

This was due to childcare expenses while I worked part-time the last couple of months to finish up our debt payoff. Personal CategoryДave recommends spending 5-10% in the Personal Category. This was a crucial area of savings to allow us to pay off our debt even faster. As you can see, I was able to get my food budget down to just 3% some months. The recommended Dave Ramsey food budget percentage is 5-15%. Dave Ramsey Food BudgetДЄs time went on, I learned to save more, especially in the grocery category. Others, I might have gotten paid for a big project or blog promotion. Sometimes, we had just our usual paycheck. One big reason that our percentages cover a wide range is that our income varied wildly each month as I hustled to earn as much extra from home as possible. These varied from month to month for a few reasons.

Household budget percentage breakdown free#

YouвЂ™ll see a range of budget percentages for my real life debt free budget. Now letвЂ™s take a look at how the dave ramsey percentages work in the real world when youвЂ™re trying to pay off debt. Where Our Budget Percentages Differed from Dave RamseyвЂ™s Recommendation But how well do they work in the real world? Dave Ramsey Budget Percentage Breakdown Budget CategoriesД©% (health insurance included in Medical/Health category) Dave RamseyвЂ™s budget percentage guidelines offer one option. ItвЂ™s common to wonder how big of a slice to give each budget category. Specifically, IвЂ™ll be sharing my thoughts about oneВ of the most common questions I get asked: вЂњHow much should I be spending in each budget category?вЂќДЄnd to satisfy my own nerdy love of data, IвЂ™ll be comparing my own budget while we were working to be debt free to the budget percentage breakdown that Dave Ramsey recommends, and just for fun,В the spending habits of the average American. Since our debt free story went viral, IвЂ™ve been gettingВ a lot of questions about exactly how we did it.В Today,В IвЂ™ll be answering one of the most common questions byВ sharing my real life debt free budget percentage breakdown. How much should you spend in each budget category? This article lists the Dave Ramsey budget percentages, categories, with a sample budget so you can jumpstart your budget.