|
"Rising Housing and Energy Costs Require
New Budget and Expense Guidelines"
|
Suggested Budget and Expense
Guidelines (for Californians) and others in high rent,
high energy cost cities nationwide.
Net Income: $1000 a-month
|
| Category |
%
Of Income |
Dollar
Amount |
| Housing |
70-85% |
$700-850 a-month |
| Utilities |
10-15% |
$100-150 a-month |
| Food |
5-20% |
$50-200 a-month |
| All Other |
|
|
Net Income: $1250 a-month
|
| Category |
%
Of Income |
Dollar
Amount |
| Housing |
56-68% |
$700-850 a-month |
| Utilities |
8-12% |
$100-150 a-month |
| Food |
15-20% |
$187-250 a-month |
| All Other |
5-6% |
$50-75 a-month |
Net Income: $1500 a-month
|
| Category |
%
Of Income |
Dollar
Amount |
| Housing |
47-56% |
$700-850 a-month |
| Utilities |
7-10% |
$100-150 a-month |
| Food |
15-20% |
$225-300 a-month |
| Auto/Bus |
10-20% |
$150-300 a-month |
| Savings |
10% |
$150 a-month |
| All Other |
2-11% |
$30-165 a-month |
Net Income: $1750 a-month
|
| Category |
%
Of Income |
Dollar
Amount |
| Housing |
40-48% |
$700-850 a-month |
| Utilities |
6-12% |
$100-150 a-month |
| Food |
15-20% |
$262-350 a-month |
| Auto/Bus |
10-20% |
$175-350 a-month |
| Savings |
10% |
$175 a-month |
| Personal |
5-10% |
$87-175 a-month |
| Clothing |
3-6% |
$52-104 a-month |
| All Other |
5-15% |
$87-262 a-month |
Net Income: $2000 a-month
|
| Category |
%
Of Income |
Dollar
Amount |
| Housing |
40-47% |
$800-950 a-month |
| Utilities |
6-9% |
$125-180 a-month |
| Food |
5-20% |
$300-400 a-month |
| Auto/Bus |
10-20% |
$200-400 a-month |
| Savings |
10-15% |
$200-300 a-month |
| Personal |
5-10% |
$100-200 a-month |
| Clothing |
3-6% |
$60-120 a-month |
| Medical |
3-12% |
$60-240 a-month |
| Debt Payments |
4-18% |
$80-360 a-month |
| All Other |
2% |
$40 a-month |
Net Income: $2500 a-month
|
| Category |
%
Of Income |
Dollar
Amount |
| Housing |
32-38% |
$800-950 a-month |
| Utilities |
5-10% |
$125-250 a-month |
| Food |
5-20% |
$375-500 a-month |
| Auto/Bus |
10-20% |
$250-500 a-month |
| Savings |
10-15% |
$250-375 a-month |
| Personal |
5-10% |
$125-250 a-month |
| Clothing |
3-6% |
$75-150 a-month |
| Medical |
3-12% |
$75-$300 a-month |
| Debt Payments |
5-20% |
$125-$500 a-month |
| All Other |
4-6% |
$100-150 a-month |
Categories
|
| Housing |
Mortgages,
rent, property taxes, repairs & improvements. |
| Utilities |
Electric, gas,
water, telephone, trash removal. |
| Food |
All food items,
pet needs, and meals out. |
| Auto/Bus |
Lease/purchase
and installment payments, gas & oil, repairs, insurance
and parking. The IRS guidelines allow $700 a-month
for a car in CA, while public transportation cost average
$265. |
| Savings |
Investments |
| Personal |
Cable TV, postage,
cosmetics, haircuts, club dues, tobacco, etc. |
| Clothing |
All clothing
purchases, shoes and alterations. |
| Medical |
Insurance,
prescriptions, doctor and dental expenses. |
| Debt
Payments |
Credit &
charge cards, personal loans, student loans, other debt
payments. |
|
|
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