How Much Money Should I Budget in a Particular Category?

What Should I be Spending in Budget Categories?

Deciding how much money should be allocated to various categories in a family budget depends upon the particular family’s income, lifestyle, and financial goals. The following ranges of percentages, however, can serve as guidelines:

Selected Guidelines for Spending
Budget Category Percentage
Housing 33-35%
Food 18-25%
Transportation 7-9%
Clothing 6-12%
Medical 6-8%
Automobile Insurance 2-3%
Life Insurance 2-5%
Education 1-2%
Credit Obligations 12-15%
Savings 2-10%
Recreation/Entertainment 2-6%
Church/Charities 2-10%

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