Dave Ramsey’s Recommended Percentages for Today’s Budgeting Households

Mr. Ramsey’s thoughts and teachings about debt and personal finance hold a lot of controversies. Specifically, Dave Ramsey’s recommended percentages for budgeting.

He has been helping thousands of people get out of debt for decades now yet some feel his theories are not quite modern enough for today’s society.

Dave Ramsey is the author of The Total Money Makeover and founder or Ramsey Solutions and Financial Peace University.

He is also the creator of the wildly popular baby steps. These budget categories and percentages are taken from my Total Money Makeover book from 2009.

Here are the budget categories and Dave Ramsey’s recommended percentages.

– Giving 10-15% – Savings 5-10% – Housing 25-35% – Utilities 5-10% – Food 5-15% – Transportation 10-15% – Clothing 2-7% – Medical/ Health 5-10% – Personal Spending 5-10% – Recreation 5-10% – Debt 5-10%

How to Budget Like Dave Ramsey

Setting up a budget is daunting for so many. How in the world do you even start? Where does my money go and what budgeting categories do I even need? Even though you may not be Dave’s biggest fan, his program works.

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