Sample Budget
A budget allocates or distributes expected income to expected expenses and intended savings. The following sample illustrates how income might be allocated.
| Category | Percentage | Annual Amount | Monthly Amount |
|---|---|---|---|
| Total Income | |||
| Taxes | |||
| Net Spendable | |||
| Percentages below are for percent of Net Spendable | |||
| Net Spendable | |||
| Housing | |||
| Food | |||
| Automobile | |||
| Insurance | |||
| Debt Repayment | |||
| Entertainment and Recreation | |||
| Clothing | |||
| Savings | |||
| Medical/Dental | |||
| Miscellaneous | |||
| School/Childcare | |||
| Investments |
Average annual expenses (2007) per household in the United States are:
| Category | 2005 | 2006 | 2007 | % Change 05-06 | % Change 06-07 |
|---|---|---|---|---|---|
| Food at home | 3,297 | 3,417 | 3,465 | 3.6 | 1.4 |
| Food away from home | 2,634 | 2,697 | 2,668 | 2.3 | -1.0 |
| Housing | 15,167 | 16,366 | 16,920 | 7.9 | 3.4 |
| Apparel and services | 1,886 | 1,874 | 1,881 | 7.9 | 3.4 |
| Transportation | 8,344 | 8,508 | 8,758 | 2.0 | 2.9 |
| Health Care | 2,664 | 2,766 | 2,853 | 3.8 | 3.1 |
| Entertainment | 2,388 | 2,376 | 2,698 | -0.5 | 13.6 |
| Personal Insurance and pensions | 5,204 | 5,270 | 5,336 | 1.3 | 1.3 |
| Other Expenditures | 4,823 | 5,129 | 5,060 | 6.3 | -1.3 |
| Avg. annual Exp. | 4.3% | 2.6% |
Read more about this topic: Personal Budget
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—George Orwell (1903–1950)
“A budget takes the fun out of money.”
—Mason Cooley (b. 1927)