Rising Housing and Energy Costs Guidelines
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Dealing With Creditors ] How to Make Present Income Go Farther ] [ Rising Housing and Energy Costs Guidelines ] Steps to Take to Reduce Indebtedness ]

"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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