Pay Yourself First
5-10% = $100-$200
Debt/Savings
5-15% = $100-$300
Non-Essential or
Discretionary
5-10% = $100-$200
Combine:
Clothing and
Medical
10% or $200
Housing
(mortgage, rent,
taxes, insurance)
35% = $700
Scenario:
$2,000 income
for the month
Utilities
3-5% = $60-$100
Food
(groceries, personal care, baby needs)
10-20% = $200-$400
Transportation
(vehicle, fuel, insurance,
maintenance, bus)
15% = $300
r e d f c u.o r g
|
11
Adapted from Credit Counseling Societ y: www.nomoredebts.org/budgeting-guidelines.
A BUDGET BREAKDOWN
Spring is a great time to review your budget and
make any needed adjustments. Take a look at this
"ideal" budget and see how it compares to yours.
LET'S CELEBRATE
Youth Month This April
We're celebrating our youth in
April at Redstone. is year's theme is:
e Future is Yours… Picture It!
Save for It! Share It!
e focus is on teaching young people
to plan for their future by saving today.
Developing good financial habits now
is important because it lays a solid
foundation for adulthood.
Drop by any of our branches in April and
check us out on social media to see what
fun surprises we have waiting for you.
