Nevertheless, I come out with my own budget which was based on the following spending guideline and it's been about four years and the guideline still stands true. One thing for sure, as I'm still single, thus my commitment towards household (in Housing category) will be less but at the same time, my commitment towards servicing my car loan will be higher. I make it a point to save at least 9% of my income and make sure I do not skip meals. I do tweak my budget on and off, but that is if I have extra income coming in from my investment.
Category | % |
Housing | 16.00 |
Transportation | 23.90 |
Food | 10.80 |
Insurance and EPF | 12.00 |
Tithes | 10.00 |
Entertainment | 2.00 |
Apparel products and services | 4.30 |
Health care | 2.00 |
Misc | 2.00 |
Personal care products and services | 1.00 |
Education | 7.00 |
Savings | 9.00 |
TOTAL | 100.00 |
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