Comments on: Budget percentages

By: Where did my money go in 2008? « Living My Rich Life

Where did my money go in 2008? « Living My Rich Life — Thu, 05 Feb 2009 15:55:14 +0000

[...] 5, 2009 by livingmyrichlife Inspired by posts from Fabulous Financials and Wide Open Wallet I decided to analyze where my money went last year. For simplicity, I’m only looking at my [...]

By: Slinky

Slinky — Wed, 14 Jan 2009 16:13:27 +0000

I occasionally look at this in my budget program, but I haven’t for a while. It also includes all my money since I started budgeting back in college, so it wouldn’t really be accurate anymore. Here’s some rough, off the top of my head numbers. (also net)

Savings: 11% This is my current ‘base’ (minimum) savings rate
Housing: 12% I love my small cheap apartment in the nice area of town. At least until I buy a house.
Utilities: 8%
Food: 9% Includes eating out
Transportation: 6% for operating expenses
Clothing: 2%
Recreation: 4%
School loans: 7% for school loans
Car loan: 20%
Remaining 21% is additional savings/debt repayment

Huh, I guess I really only live on 41% of my income. I knew it was a bit less than half, but it’s really nice seeing it laid out there. Think of what I can do with the other 60% of my income when I pay off all my loans three years (or less) from now!

By: Ms. MoneyChat

Ms. MoneyChat — Mon, 12 Jan 2009 21:30:41 +0000

My car percentage is 6%. Check out the rest of my percentages here: http://mymoneychat.blogspot.com/2008/11/who-moved-my-cheese.html

By: Interesting Reads From Fellow Personal Finance Bloggers #14 | Pecuniarities

Interesting Reads From Fellow Personal Finance Bloggers #14 | Pecuniarities — Sun, 11 Jan 2009 20:33:24 +0000

[...] Wide Open Wallet breaks down her budget to see where all the money is going. [...]

By: Weekly Roundup and Bonus Frugal Tip

Weekly Roundup and Bonus Frugal Tip — Sat, 10 Jan 2009 14:01:21 +0000

[...] at WideOpenWallet asks us about “Budget Percentages“. She says her transportation is expensive. I spend 2.5% of our income on transportation and [...]

By: Mary

Mary — Sat, 10 Jan 2009 06:19:22 +0000

By: LAL

LAL — Thu, 08 Jan 2009 15:58:57 +0000

Guess driving beater cars has it’s advantages.

By: Amy

Amy — Thu, 08 Jan 2009 15:29:25 +0000

It’s been a while since I did a percentage breakdown. Here’s what I’m showing:

Mortgage: 35%
Transportation: 20%
Tithe: 10%
Savings: 5%
Household bills: 10%
Groceries: 10%
Misc: 10%

By: Miss M

Miss M — Thu, 08 Jan 2009 01:54:00 +0000

I’ve never done an analysis either, is this supposed to be percentage of after tax income? A lot of money comes out before my paycheck even reaches me, like for my 401k, which I’d consider savings. Even when I was paying off my car loan my percentage (just whipped out the calculator) was 17%, 25% sounds awfully high. Now it’s about 8% including maintenance. I’m driving this thing into the ground, I don’t want another car payment anytime soon. I kept my first car 10 years, I hope to keep this one longer. It is way easier to save when you don’t have a car payment!

By: J. Money

J. Money — Wed, 07 Jan 2009 20:37:34 +0000

aww yeahhhh! you know i love me some budget analysis up in here and shame on me, i haven’t updated my budget nor budget graph in quite some time! Back in march my transportation was 14%, but it only included the car loan and not gas, insurance, etc….

boy, I think i’ll start getting on top of that today. good post