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One financial planner has suggested the following guidelines for spending: Expense categories a. Housing 25-35% b. Insurance (including health, medical, auto, and life): 10-20% Food:
One financial planner has suggested the following guidelines for spending: Expense categories a. Housing 25-35% b. Insurance (including health, medical, auto, and life): 10-20% Food: 10-15% C. d. Transportation: 10-15% Utilities: 5-10% e. f. Savings: 10-15% g. Fun (entertainment and recreation): 5-10% h. Clothing: 5% Personal: 5-10% i. j. Debt repayment: 10-15% For each row, write one of the these: Spending Johnny's (1) Within budget, (2) Over budget, or (3) Under budget Auto Insurance 100.00 Baltimore Gas & Electric 150.00 Car Payment 300.00 Clothing 50.00 Comcast 125.00 Eating (groceries & dining out) 542.00 Gas 76.00 Household 50.00 Miscellaneous 44.00 Rent 1,200.00 Renter's insurance 17.00 Retirement 292.00 Student loan 180.00 T-Mobile 75.00
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