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rjexit5

Spending Breakdown

rjexit5
9 years ago

My wife and I have tracked our spending over the last 6 months or so and have the following breakdown in spending, does this seem reasonable? Are your percentages similar? Should we adjust?

18% - Regular Bills (insurance, utilities, etc)
37% - Loan/Debt Payments (includes a little extra principle payments)
25% - Other spending (groceries, dining out, gasoline, entertain)
20% - Savings (savings acct, roth IRA, college fund)

These are based on after tax money; for example, 20% of our take home pay each month goes into the savings category.

Interested to know how we stack up compared to others and if we should adjust.

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