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Are you budget percentages out-of-whack? Do your expenses look something like this:

Expenses  %
Credit cards 44%
Housing 28%
Food 15%
Utilities 15%
Transportation 15%
Other 10%

When in fact they should look like this:

Category  Recommended %
Tithe & Charitable Gifts 10-15%
Savings 5-10%
Housing 25-35%
Utilities 5-10%
Food 5-15%
Transportation 10-15%
Clothing 2-7%
Medical/Health 5-10%
Personal 5-10%
Recreation 5-10%
Debts 5-10%

If you’re percentages are out-of-whack, then you need to start adjusting them. If you cannot make your budget balance, then you either need to increase your income or decrease your expenses.

Balancing a budget means ending with zero after you subtract your expenses from your income. If you end up with a positive number, then you can use this extra money to pay down your debt faster or to increase your emergency savings. Conversely, if you end up with a negative number, then you need to decrease your expenses or increase your income. There simply is on other way to balance a budget.






About Me

Hi, I’m Rosie. A Jesus Freak, wife, mother, and a Certified Financial Coach. 

This site is dedicated to you, our reader. Within the site you will find tools that will help you achieve financial freedom, so that someday you will become debt-free and be a generous giver.

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