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.






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