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Savings Percentage

October 10th, 2006 at 10:44 am

I just added to the 'what percentage do you save' thread and it was really helpful and encouraging for me.

My current breakdown is at the end of this post, but the reason it was so helpful is because I can currently save/apply 25% of my net without changing anything I currently spend.

This is a huge revelation for me. I have a big pad built into mine and DH's allowance each month, our grocery bill is estimated way more than it could be, and the cable bill could be trashed altogether. Assuming we cut the allowances and grocery bill in half if necessary and got rid of the cable, that would be an extra 20% that could be applied elsewhere if we had to.

Cool... I am starting to feel much better about my 'almost budget'

* * * * * * * * * * * *
NECESSITIES, HAVE TO LIVE
SOMEWHERE, NEED CAR TO WORK
* * * * * * * * * * * *
11.90% mortgage
7.14% car
19.05%
* * * * * * * * * * * *
THERE'S A LOT OF FLEXIBILITY
HERE
* * * * * * * * * * * *
11.90% d allow
9.52% t allow
9.52% groceries
30.95%
* * * * * * * * * * * *
PAST DEBT IF ONLY PAYING
THE MINS
* * * * * * * * * * * *
1.19% student loan
1.43% honda card
2.86% inlaws
0.71% hospital
0.48% cc1
0.48% cc2
7.14%
* * * * * * * * * * * *
MONTHLY NON DEBT BILLS
* * * * * * * * * * * *
1.79% ins -c
4.17% cable
1.19% cell
3.57% elec
10.71%
* * * * * * * * * * * *
NON-MONTHLY BILLS AND
HOLIDAY SAVINGS
* * * * * * * * * * * *
0.60% water
2.38% prop tx - h
1.31% ins -h
0.48% prop tx - c
2.38% xmas
7.14%
* * * * * * * * * * * *
TOTAL NEW INCOME ALREADY
ALLOCATED
* * * * * * * * * * * *
75.00%