how much should you spend on stuff?
Post on 11-Nov-2014
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How much should you spend on stuff?
with Pete the Planner
But first, who is Pete the Planner?
www.PeteThePlanner.com
Radio Host TV Analyst on CNN Headline News Fox News Fox
Business CBS Author Blogger
Speaker has appeared in Real Simple Budgeting Expert Money and Marriage Maestro Former Comedian
How do you spend your cheese? Errr...cabbage...paper...ends?
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Here is what your household expenditures SHOULD look like.
pete the planner’s ideal household budget
Housing 25%Transportation 15%Groceries and Dining 12%Savings 10%Utilities and Phone 10%Charity 5%Entertainment 5%Medical 5%Holidays and Gifts 5%Clothing 5%Misc 3%
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Costs include
• Car payment
• Fuel
• Insurance
• Maintenance
• License fees
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Groceries and Dining
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You have 93 meals per month to account for
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This is take home pay
• You should already be saving money in your company sponsored retirement plan prior to your paycheck hitting your bank account.
• This savings should initially go towards establishing an emergency fund.
• Once you have saved 3 months worth of expenses in your emergency fund, then, redirect new savings towards longer term investments.
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Utilities and Phone
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Watch out for technology subscriptions
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Apparently this is a spleen
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Holidays and Gifts
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The best dressed person you know is broke
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•Pet care
•Guitar Lessons
•Pet guitar lessons
•Speeding tickets
•Bribe money
•Legal fees
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Where’s debt?
pete the planner’s ideal household budget
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Debt
For more mind boggling advice, go toPeteThePlanner.com
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