I found a great link for a budget calculator, find it here.
I don’t know if I agree with how everything is organized, such as my car could be in the “fun” category as well and not just in the “needs” category. It’s definitely not something I need and I could get something more practical. And I would consider internet a “need” also. BUT, the calculator is interesting to see how you are dividing up your money.
My needs are 60%, wants are 17%, and savings are 23%.
Mine results are kind of close to their 50-30-20 rule (ok not close at all). The article says 50% should be needs, 30% should be wants, and 20% should be savings.
How are your finances divided?
LC says
So happy you commented on my blog so that I could find yours! Love it so far, you've def been added to my blogroll.50/30/20 is what I hope to start doing in January, when I move back out. Your savings are great, so good for you!Do you have Twitter? If not, you should get it… there's a great PF blogger community always chatting on there. :)I'm @blondeonabudget.
Counting all my star says
Thank you soooo much for posting and sharing the calculator. It's a very cool way to see where I am currently at and where they recommend me being. Currently I'm 52/25/12 which isn't bad right? 😀
Michelle P says
Thanks LC, I love yours also! And no, I don't have a Twitter, I want to soon though.And I think 52/25/12 is great!
annie says
I'm pretty sure we are in balance, but it's always a good idea to do this sort of exercise from time to time just to be sure. This is a good reminder…thanks.
Rafiki says
I love playing with this stuff even though it's kind of hard for me to get stuff in the correct categories due to our different economy.I did come out with a 55/7/19 but it could be off due to me not knowing where to put some of the stuff.Awesome calculator though. Nice find.