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  Budget Percent Calculator

 

Budget Percent Calculator

Here are suggested percentage guidelines based on net income compiled by various financial studies. They are only recommended percentages and will change dramatically if you have a very high or very low income. For instance, if you have a very low income your necessities percentages will be high. If you have a high income, your necessities will be a lower percentage or income and hopefully savings (not debt) will be higher than recommended. These percentages for educational purposes only.

Note: Other than decimal points, do not enter any other non-numeric characters (commas, dollar signs, etc.) in the entry boxes. Doing so will cause a JavaScript error.

Enter your net-income for whichever period of time you would like to translate the percentages into:

Expense Range Low End - High End
Charitable gifts 10-15% -
Saving 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% -

Please allow for slight rounding differences.

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Disclaimer
We do not offer legal advice. All information provided on this website is for informational purposes only and is not a substitute for proper legal advice. If you have legal questions, we recommend that you seek the advice of legal professionals.

Tax Disclaimer: To ensure compliance with IRS Rules, any U.S. federal tax advice provided in this communication is not intended or written to be used, and it cannot be used by the recipient or any other taxpayer (i) for the purpose of avoiding tax penalties that may be imposed on the recipient or any other taxpayer under the Internal Revenue Code, or (ii) in promoting, marketing or recommending to another party a partnership or other entity, investment plan, arrangement or other transaction addressed herein.

Copyright 2017 Wink Tax Services / Wink Inc.
Last modified: January 30, 2017