household monthly budget percentage budget wheel

#Household monthly budget percentage budget wheel free#

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 BudgetĪs 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 monthly budget percentage budget wheel free#

You’ll see a range of budget percentages for my real life debt free budget. Now let’s take a look at how the dave ramsey percentages work in the real world when you’re trying to pay off debt. Where Our Budget Percentages Differed from Dave Ramsey’s Recommendation But how well do they work in the real world? Dave Ramsey Budget Percentage Breakdown Budget Categoriesĩ% (health insurance included in Medical/Health category) Dave Ramsey’s budget percentage guidelines offer one option. It’s common to wonder how big of a slice to give each budget category. Specifically, I’ll be sharing my thoughts about one of the most common questions I get asked: “How much should I be spending in each budget category?”Īnd to satisfy my own nerdy love of data, I’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, the spending habits of the average American. Since our debt free story went viral, I’ve been getting a lot of questions about exactly how we did it. Today, I’ll be answering one of the most common questions by 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.