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Form 3 - Percentage Guide

Please click on this link to download the multi-page Excel Budget Forms for printing and calculating. If you are unable to navigate Excel you can send me your figures to be placed in a calculating form to be returned to you or you can printe the PDF version on the last page of this website.

Percentage Guide for Family of four Income
Also applies to Head of Household families of three          
Gross Monthly Income                                        (From all Sources) 25,000 35,000 45,000 55,000 65,000 85,000 115,000
1. Tithe (God) 10% 10% 10% 10% 10% 10% 10%
2. Taxes (Gov't):Income Tax, Social Security + Medicare                             (add .0765 of gross for Self Employed)   0.10 0.12 0.15 0.16 0.17 0.21 0.23
Taxes for Single with no dependents 0.17 0.18 0.22 0.24 0.26 0.28 0.29
Gross Monthly Income minus (Tithe + Tax) = Net Spendable              
Net Spendable 20,073 27,150 33,885 40,620 47,355 58,611 77,511
3. Housing 38% 36% 32% 30% 30% 30% 29%
4. Food 14% 12% 13% 12% 11% 11% 11%
5. Auto 14% 12% 13% 14% 14% 13% 13%
6. Insurance 5% 5% 5% 5% 5% 5% 5%
7. Debts 5% 5% 5% 5% 5% 5% 5%
8. Enter/Recreation 4% 6% 6% 7% 7% 7% 8%
9. Clothing 5% 5% 5% 6% 6% 7% 7%
10. Savings 5% 5% 5% 5% 5% 5% 5%
11. Investments 0% 5% 5% 5% 5% 5% 5%
12. Medical 5% 4% 4% 4% 4% 4% 4%
13. Miscellaneous 5% 5% 7% 7% 8% 8% 8%
  100% 100% 100% 100% 100% 100% 100%
               
Instructions: Select the income level that is the closest to your gross income.  These percentages are for an average family of 4. Categories 1 and 2 are percentages of GROSS monthly income.  Categories 3 - 13 are percentages of NET spendable income.
14.  School / Child Care 8% 6% 5% 5% 5% 5% 5%
If you have item # 14, the percentage shown must be decucted from other budget categories.