Personally, given your last paragraph and stated income, I would increase the entertainment budget. OR, maybe you count going out for a few drinks under the "restaurant" budget (I would call that entertainment) in which case that grocery budget sounds frugal relative to your income. $200 on groceries but $400 on restaurants sounds like you plan to eat out a lot - which is fine - but it's a pretty easy place to reduce expenses if you want to. $300 on non-consumable items seems high, unless you are planning to move out into your own place, or just started a new job, in which case it might be low for the first few months. If you are asking advice on this as a planned budget it seems a little out of balance to me: Planning for vacation expenses helps you feel better about spending the money, and protects your emergency fund. Figure out what you'd like, estimate the costs, and then assess what feels good in your budget. Maybe you want a cheap vacation each year and a splurge vacation every-other year. $300/mo means you can have a nicer week or 10 days off somewhere different. $100/mo saved up for vacation means you can have a nice week off somewhere nearby each year. The big glaring omission I see is vacation. If real, and if the categories work for you, all added up the budget is mostly fine. Is this budget based largely on real expenses, or is it what you are planning? I want to accrue money and have a healthy budget. I would like any suggestions on cutting back or where I should be adding/forgot.Īnd finally is this a healthy financial budget? I used to pinch pennies after graduating college but I realized I wasnt really living because I would always pick the frugal option (usually not dining out/going out/experiencing things). Whats bothering me a lot is that this budget is about half of my monthly take home after taxes. I have a pretty bad sense of what I'm spending too much on and what I'm not spending enough on. My insurance is paid once every 6 months and is around 900. The rest of the money thats unaccounted for above gets put into 401k and a slowly accumulating safety net savings account (I put 400 a month into the savings account). Shopping (Any items/objects that are not consumables) I make about 130K a year I live in Boston and will have a car in the near future
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