Budget Calculator

Financial advisors recommend that everyone has a sound budget no matter if you earn $18,000 per year or $500,000 per year. Here are suggested percentage guidelines based on net income compiled by Dave Ramsey, author of Financial Peace 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. Budgeting Help

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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