Typical month, not including side business income. Things that make my budget unique:
- Work from home (low transportation)
- Apartment and energy conscious (low utilities)
- Work pays for Internet & Cell phone
- High income, not married (yet), and no kids, so high federal taxes
17.7% Federal taxes (Single, no kids)
6.0% Social Security
1.4% Medicare
4.4% State taxes
Taxes total: 29.5%
0.08% Dental insurance
0.49% Health insurance
1.9% HSA
0.07% Critical illness insurance
0.05% Vision insurance
Additional Deduction Total: 2.6%
13.0% 401K
13.2% Savings account
8.3% Vanguard Taxable (I don't qualify for Roth IRA)
0.4% Prosper lending
Automatic Savings: 34.9%
15.9% Rent
7.6% Food (Groceries + Restaurants)
5.0% Short-term savings for Vacation/Birthdays/Christmas/Car Repairs (these are all separated out, just aggregated here)
0.5% Transportation (I work from home)
0.7% Electric bill
0.6% Water bill
0.8% Home cleaning
0.9% Car insurance
Everyday Expenses: 32%
Remaining: 1%
- Compost service
- Memberships (e.g. Amazon Prime)
- Classes (Coursera, classes from a naturalist)
- Clothes
- Household goods/toiletries
My fun/spending money is budgeted at 2.9% of my income. For the numbers to work, this probably comes out of my side business income.