how much should you spend on stuff?

How much should you spend on stuff?

with Pete the Planner

But first, who is Pete the Planner?

www.PeteThePlanner.com

http://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?




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%




Housing




Mortgage or Rent




Transportation




Costs include

• Car payment

• Fuel

• Insurance

• Maintenance

• License fees




Groceries and Dining




You have 93 meals per month to account for




Savings




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.




Utilities and Phone




Watch out for technology subscriptions




Charity




Entertainment




Medical




Apparently this is a spleen




Holidays and Gifts




Clothing




The best dressed person you know is broke




Miscellaneous




•Pet care

•Guitar Lessons

•Pet guitar lessons

•Speeding tickets

•Bribe money

•Legal fees




Where’s debt?

pete the planner’s ideal household budget


Debt



For more mind boggling advice, go toPeteThePlanner.com



how much should you spend on stuff?

Economy & Finance

emergency fund

www

savings

pete

petetheplanner