This is a consolidation of three widely used recommended percentage budgets from Dave Ramsey, Credit Counseling Advice, and Consumer Credit Counseling Association:
Charitable Giving 0-15%
Housing and Utilities 20-45%
Debt Payments 5-20%
When the three are combined for range, the range becomes too wide. Let’s see if I can justify narrowing it a bit. Continue reading Are Dave Ramsey’s Budget Percentages Wrong?