[Haku]

This is regarding to how one should budget their expenses right?

If so, these percentages could mean very different things to someone who is in a high income bracket as opposed to someone who is in the low income bracket.

Instead, I prefer to work with whole numbers, and I prioritize all my monthly expenses. For example, the first and most important expense is my rent. I know exactly how much that's going to cost me each month and I save accordingly for it. I subtract that from my net income figure and then budget in my next most important bill, which would be utilities. So on and so forth.

I don't mean to insult anyone's intelligence here, but the point is, I don't work with percentages.

Also, I itemize each and every individual expense, and place them in the order of importance to me. In this way, categories also become irrelevant. You just don't need it.

Of course, my budget also includes money that goes towards saving and investing. They're near the bottom of my list, but only because I natually want to throw every available penny I have at my debts and retirement accounts anyway. So, I'm not afraid that they'll get lost in the shuffle.