New Hampshire Recommended Spending Percentages

• Category: Personal Planning
• State: Multi-State
• Control #: US-1119BG
• Format: Word; Rich Text

Description

What percentage of your income should you spend on what items? This form has some recommendations to consider. The important thing is to come up with realistic percentages. New Hampshire Recommended Spending Percentages provide a comprehensive guideline for allocating finances efficiently and effectively in various areas. These spending percentages act as a reference point to help individuals, businesses, and governments maintain balanced budgets and make sound financial decisions. Here are the different types of New Hampshire Recommended Spending Percentages: 1. Personal Budgeting: Personal finance experts in New Hampshire suggest the following recommended spending percentages for individuals' budgets: — Housing: 30incomeom— - Transportation: 15-20% of income — Food: 10-15incomeom— - Debt repayment: 10-15% of income — Savings and Investments: 10-15% of income — Utilities: 5-10incomeom— - Healthcare: 5-10% of income — Education: 5incomeom— - Entertainment and Miscellaneous: 5-10% of income 2. Small Business Budgeting: New Hampshire provides suggested spending percentages for small business owners to maintain profitability and sustainability: — Cost of Goods Sold (COGS): 40-60% of gross revenue — Employee Wages: 15-30% of gross revenue — Rent and Utilities: 5-15% of gross revenue — Marketing and Advertising: 5-10% of gross revenue — Office Supplies and Equipment: 2-5% of gross revenue — Insurance: 2-5% of grosrevenuenu— - Taxes and Licenses: 5-10% of gross revenue — Profits: 10-15% of gross revenue 3. Government Spending: New Hampshire Recommended Spending Percentages also guide government institutions in allocating public funds responsibly: — Education: 30-40% of total budge— - Healthcare: 20-30% of total budget — Infrastructure: 10-20% of total budget — Public Safety and Security: 10-15% of total budget — Social Services: 5-10% of total budget — Administration and Governance: 5-10% of total budget — Debt Repayment: 5-10% of total budge— - Miscellaneous: Remaining budget proportionately allocated based on governmental priorities Following these New Hampshire Recommended Spending Percentages is not only beneficial for individuals, businesses, and governments but also promotes overall economic stability, financial well-being, and optimized resource utilization. By adhering to these guidelines, stakeholders can ensure a sustainable financial future and make informed financial decisions.

New Hampshire Recommended Spending Percentages provide a comprehensive guideline for allocating finances efficiently and effectively in various areas. These spending percentages act as a reference point to help individuals, businesses, and governments maintain balanced budgets and make sound financial decisions. Here are the different types of New Hampshire Recommended Spending Percentages: 1. Personal Budgeting: Personal finance experts in New Hampshire suggest the following recommended spending percentages for individuals' budgets: — Housing: 30incomeom— - Transportation: 15-20% of income — Food: 10-15incomeom— - Debt repayment: 10-15% of income — Savings and Investments: 10-15% of income — Utilities: 5-10incomeom— - Healthcare: 5-10% of income — Education: 5incomeom— - Entertainment and Miscellaneous: 5-10% of income 2. Small Business Budgeting: New Hampshire provides suggested spending percentages for small business owners to maintain profitability and sustainability: — Cost of Goods Sold (COGS): 40-60% of gross revenue — Employee Wages: 15-30% of gross revenue — Rent and Utilities: 5-15% of gross revenue — Marketing and Advertising: 5-10% of gross revenue — Office Supplies and Equipment: 2-5% of gross revenue — Insurance: 2-5% of grosrevenuenu— - Taxes and Licenses: 5-10% of gross revenue — Profits: 10-15% of gross revenue 3. Government Spending: New Hampshire Recommended Spending Percentages also guide government institutions in allocating public funds responsibly: — Education: 30-40% of total budge— - Healthcare: 20-30% of total budget — Infrastructure: 10-20% of total budget — Public Safety and Security: 10-15% of total budget — Social Services: 5-10% of total budget — Administration and Governance: 5-10% of total budget — Debt Repayment: 5-10% of total budge— - Miscellaneous: Remaining budget proportionately allocated based on governmental priorities Following these New Hampshire Recommended Spending Percentages is not only beneficial for individuals, businesses, and governments but also promotes overall economic stability, financial well-being, and optimized resource utilization. By adhering to these guidelines, stakeholders can ensure a sustainable financial future and make informed financial decisions.