Budgeting Guidelines

Housing – No More Than 35% of Your Monthly Income

  • Mortgage or rent, taxes, repairs, improvements, insurance, and utilities

Transportation – No More Than 20% of Your Monthly Income

  • Monthly payments, gas, oil, repairs, insurance, parking & public transportation

Debt Service – No More Than 15% of Your Monthly Income

  • Credit cards, personal loans, student loans & other debt payments

Other Expenses – No More Than 20% of Your Monthly Income

  • including food, insurance, prescriptions, doctor & dentist bills, clothing & personal

Investment/Savings – At Least 10% of Your Monthly Income