Budgeting Guidelines

Budget Guidelines What your spending should look like Springboard These rough guidelines include ranges that account for different income levels, family size, and personal choice. Crédit.org BLOG National Average Monthly Expenses Mortgage/ Rent $733 Utilities $265 Other Housing $251 Housing 35-45% Food $152 Misc. 5-10% Car Payments Clothing 3-5% Utilities 8-15% $300 Debt Payments 10-20% Gas $167 Other Auto $195 Auto 15-25% Food 10-20% Entertainment It's not a mistake that the $199 percentges here don't add up to 100. Work with these figures to establish your own guidelines. Medical Savings 10-20% $222 Medical 8-15% These averages can be a helpful guide to tell you whether your spending is way out of line, but they are not absolute. Your circumstances may vary from national averages, so don't put too much stock in government statistics. Clothes $157 Source: US Bureau of Labor Statistics