#DAVE RAMSEY BUDGET PERCENTAGES HOW TO#
The best way to start out when you are learning how to budget would be to start with your regular bills– more specifically your fixed expenses (rent/mortgage payment, tuition, etc.) and start planning out from there. Frugal me just couldn’t justify that much money for my then 4 year old. In case the suspense is killing you, I found Homeschool curriculum and worked with her an hour or so a day on my own and joined a bunch of play groups. I remember when we lived in New England, sending our daughter to preschool was going to cost as much as our rent. Perhaps child care costs in your area are crazy high. While Dave’s recommended budget percentages are a great jumping off point– a monthly budget is a very individualized piece of your financial picture.įor example, maybe you have spousal support or child care to factor in. How to Budget Your Money with Budget Percentages that work for you Might as well give over to the controlled burn so things aren’t blazing outta control. Ya know?! I find I’m far more likely to overspend when I don’t get this little bit of fun money. Don’t be in a huge rush to cut this back. Budgeting is kinda like dieting, you are going to have a hard time with sticking to the diet without that cheat day to give you some much need relief from your cauliflower pizza crust. While you do need to prioritise spending and have a financial plan in place. I’m a big believer in this spending category. Want a new handbag or shoes? You want all the things from the Container Store (#nojudgements)– this is where you make it raaaaiiiinnnn! This is where the money for your fall scented candle or those super cute votives comes from.
You are obsessed with Chip and Joanna and need ALL THE THINGS from Magnolia Market (Preach!). The recommendation here is between 5-10%.Ĭhild Care, tuition, hair cuts, fun money.