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Mending Spending Table Of Contents

"Rising Housing and Energy Costs Require New Budget and Expense Guidelines"

Suggested Budget and Expense Guidelines (for Californians) and others in high rent, high energy cost cities nationwide.

Net Income: $1000 a-month

Category % Of Income Dollar Amount
Housing 70-85% $700-850 a-month
Utilities 10-15% $100-150 a-month
Food 5-20% $50-200 a-month
All Other    

 

Net Income: $1250 a-month

Category % Of Income Dollar Amount
Housing 56-68% $700-850 a-month
Utilities 8-12% $100-150 a-month
Food 15-20% $187-250 a-month
All Other 5-6% $50-75 a-month

 

Net Income: $1500 a-month

Category % Of Income Dollar Amount
Housing 47-56% $700-850 a-month
Utilities 7-10% $100-150 a-month
Food 15-20% $225-300 a-month
Auto/Bus 10-20% $150-300 a-month
Savings 10% $150 a-month
All Other 2-11% $30-165 a-month

 

Net Income: $1750 a-month

Category % Of Income Dollar Amount
Housing 40-48% $700-850 a-month
Utilities 6-12% $100-150 a-month
Food 15-20% $262-350 a-month
Auto/Bus 10-20% $175-350 a-month
Savings 10% $175 a-month
Personal 5-10% $87-175 a-month
Clothing 3-6% $52-104 a-month
All Other 5-15% $87-262 a-month

 

Net Income: $2000 a-month

Category % Of Income Dollar Amount
Housing 40-47% $800-950 a-month
Utilities 6-9% $125-180 a-month
Food 5-20%  $300-400 a-month
Auto/Bus 10-20%  $200-400 a-month
Savings 10-15% $200-300 a-month
Personal 5-10%  $100-200 a-month
Clothing 3-6% $60-120 a-month
Medical 3-12%  $60-240 a-month
Debt Payments 4-18%  $80-360 a-month
All Other 2%   $40 a-month

 

Net Income: $2500 a-month

Category % Of Income Dollar Amount
Housing 32-38% $800-950 a-month
Utilities 5-10%  $125-250 a-month
Food 5-20%  $375-500 a-month
Auto/Bus 10-20%  $250-500 a-month
Savings 10-15%  $250-375 a-month
Personal 5-10%  $125-250 a-month
Clothing 3-6%  $75-150 a-month
Medical 3-12%  $75-$300 a-month
Debt Payments 5-20%  $125-$500 a-month
All Other 4-6% $100-150 a-month

 

Categories

Housing Mortgages, rent, property taxes, repairs & improvements.
Utilities Electric, gas, water, telephone, trash removal.
Food All food items, pet needs, and meals out.
Auto/Bus Lease/purchase and installment payments, gas & oil, repairs, insurance and parking.  The IRS guidelines allow $700 a-month for a car in CA, while public transportation cost average $265. 
Savings Investments
Personal Cable TV, postage, cosmetics, haircuts, club dues, tobacco, etc.
Clothing All clothing purchases, shoes and alterations.
Medical Insurance, prescriptions, doctor and dental expenses.
Debt Payments Credit & charge cards, personal loans, student loans, other debt payments.

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ICFE Provides Financial Education, Continuing Education Credits, CEUs, CEs, Free Credit Repair, Bankruptcy Education and Financial Planning for All Age Groups.
ICFE Provides Financial Education, Continuing Education Credits, CEUs, CEs, Free Credit Repair, Bankruptcy Education and Financial Planning for All Age Groups.
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