How to Use Dave Ramsey Budget Percentages to Make a Budget

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Having a budget is a great place to start to figure out where your money is going. The self-proclaimed guru, Dave Ramsey, has once again worked on making budgeting easy with his budget.

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He came up with his version of budgeting called The Dave Ramsey Budget Percentages

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The Dave Ramsey Budgeting Percentages.

- Giving- 10% - Saving- 10% - Food- 10-15% - Utilities- 5-10% - Housing- 25% - Transportation- 10% - Health 5-10% - Insurance 10-25% - Recreation 5-10% - Personal Spending 5-10% - Miscellaneous 5-10%

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Giving (10%)

Household Budget Categories Descriptions:

Giving is a part of Dave’s budget because he believes that our focus should not be on money but on what we have so we give to others.

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Saving (10%)

People should have saving goals that are a part of their budget. Maybe it is to help with debt payoff or to have some fun money for a trip. 

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Food (10-15%)

Food is the part of the budget that is for eating out or eating in. We need to budget a certain amount of food for each month. 

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Utilities (5-10%)

Utilities are straightforward. It is the amount of money you spend on electricity, water, internet, and even trash take out. Please take a look at these costs and factor them into your budget.

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Housing (25%)

Dave Ramsey recommends making sure to calculate everything. That is a mortgage, rent, HOA fees, insurance, and even maintenance on the housing.

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Swipe up to learn more about the Dave Ramsey Budget Percentages

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