Money Management Monday | Budgeting 101: How to Get Started | FrugalChicLife

Are you stressed out by the imagined of making a budget? In this video clip I share a handful of guidelines on how to get started…I promise it does get simpler with exercise!

Spending plan Percentages:
1. Charitable Contributions (ten-fifteen%)
two. Savings (ten-fifteen%)
3. Housing twenty five-35- ought to incorporate HOA cost if applicable, taxes, repairs)
4. Food stuff (five-fifteen%)- Groceries & Dining Out
five. Outfits (two-7%)
6. Transportation (ten-fifteen%)
7. Utilities (five-ten%)
8. Health-related/Health and fitness (five-ten%)
9. Insurance coverage (ten-twenty five%)- Life, Health and fitness, Owners/Renters, Vehicle
ten. Recreation (five-ten%)- Leisure, Holiday vacation
11. Private (five-ten%)
12. Debts (if you have them) (five-ten%)- Vehicle Payments, Credit history Playing cards, Student Financial loans

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