Some of these expenses you may have month to month. Next on the list of Dave Ramsey budget percentages is transportation. You can visit SuperMoney to compare mortgage refinance rates. If you own a home, refinancing the mortgage could help save money on housing. This means you may need to cut corners with some of your other household budget percentages. There may not be much you can do to negotiate your rent prices down, unfortunately. According to a Harvard report, nearly 11 million renters spend over half their income on housing. If you’re following Dave Ramsey budgeting rules, then this should be more than 25% of your net income. Housing is a necessity and it’s likely what you spend the most money on out of your budget each month. I’ve also tried different ways to save on electric bills, like installing a programmable thermostat and changing my air filters regularly. If you’re looking for an affordable option for prepaid phone service, check out the plans available at Tello. Finding ways to save on electric or cellphone service could help you get closer to the Dave Ramsey recommended percentages for this category.įor example, I save $1200 a year on cellphone service by using a prepaid plan versus a contract phone. You could also add cellphone service and internet service here as well. The utilities category covers things like water, electric and natural gas–whatever you need to power your home. Use this link to join Ibotta (it’s free) and claim up to $20 in bonus cash now! Utilities – 5% to 10% Ibotta pays you cash back at supermarkets and you can also earn bonuses for referring friends and family. You can also use the Ibotta app to earn money back on grocery trips.
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