I think you should focus on paying off your debt. Now, I think giving is a great thing (I think everyone should give some amount of money to charity regularly), BUT, if you’re in debt, I don’t think you should be giving money to charity or tithing. So it makes sense that he makes room in the budget for giving.ĭave Ramsey recommends giving at least 10% of your income. Now this might be a lot to digest, and some of the categories might not make any sense to you, so we’re gonna go through each one (I told you I got you).ĭave Ramsey Recommended Budget Categoriesĭave Ramsey is big on giving, specifically tithing. Here are the category recommendations and percentages: **Just a few notes, these percentages are meant to applied to your after-tax money (but before any 401(k) contributions and health insurance payments). If you’re just starting out with budgeting, these budgeting percentages recommended by Dave Ramsey are a great starting point. In this post, we’ll talk about the specific budget categories that Dave Ramsey recommends, and how much he recommends spending in each category. You can use these budgeting percentages to help divide (divvy) up your paycheck in a way that helps you pay all of your bills and save money. While going through the 7 Baby Steps (or any financial journey) one of the first things you need to do is create a budget or spending plan.īut this is where things can get a bit confusing – you’ll probably have some questions like: How much should you be spending in each category? What are the different budget categories?!ĭave Ramsey has some budget percentages that you can apply to your budget to make things easier. I’m sure you also know about his 7 Baby Steps, right? I won’t go into detail about Dave Ramsey, I’m sure you already know who he is.
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