Here are suggested percentage guidelines based on net income compiled by Dave Ramsey, author of "Financial Peace," which he says are only recommended percentages and will change dramatically if you have a very high or very low income. For instance, if you have a very low income, your necessities percentages will be high. If you have a high income, your necessities will be a lower percentage or income and hopefully savings (not debt) will be higher than recommended.
Enter your net-income for whichever period of time you would like to translate the percentages into:
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DISCLAIMER: The accuracy of this calculator and its application to your specificsituation is not guaranteed. We encourage you seek advice from qualifiedprofessionals regarding all personal finance issues.
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