Originally Posted by Head416
Just curious what other people's monthly budget/spending looks like. I'm not in a good financial situation right now (way too much credit card debt). I'm just curious what percentage of other people's spending goes to rent, bills, food, spending money, etc.
I'll throw up my numbers first, my excuses will follow:
Rent 39%
Car Pmt 5%
Insur 5%
Credit 13%
Utilities 14%
Charity 5%
Savings 5%
Food/Ent 15%
I've been meaning to do this for a while, but hadn't taken the time to figure out the percentages. I was a little surprised that rent was 39% of my take home, but I live in Los Angeles so there you go. Car payment is for one car, Insurance includes auto and renter's. That huge 13% going to credit card payments is my punishment for spending like an idiot. The utilities category includes all sorts of things: cell phone, Internet, TV, alarm company, gasoline card. I actually didn't realize our charitable giving had dipped down that far, it used to be around 10%. We try to put a little towards savings, but we pull out from there way too often.
The Food/Ent category is everything else, including haircuts, dry cleaning, clothes, guitar lessons, birthday presents, concert tickets. Pretty much everything that isn't already accounted for. That 15% is the part I feel on a daily basis, and it feels pretty tight.
So do me a favor, take 5 minutes and post up your percentages. I'm looking forward to seeing how your expenses work out. I feel like I make too much money to feel as broke as I do, maybe it will help me out to see how everybody does it. Obviously my credit card debt is a problem, but that isn't something I can fix in the short term.
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