Couples’ Budget Checklist for Monthly Expenses
On Wall Street, I built businesses by tracking every dollar and aligning partners around priorities. Couples need the same strategy — a clear monthly budget that protects cash flow and builds wealth. With the average U.S. household spending $6,081/month (BLS, 2023), discipline is non-negotiable.
1. Housing
- Rent or mortgage should stay under 30–35% of income.
- Includes utilities, internet, and insurance.
2. Food & Groceries
- Target 10–15% of income.
- Cooking at home saves couples $3,000+/year compared to dining out.
3. Transportation
- Gas, car payments, insurance, or transit passes.
- Keep under 10–15% of income.
4. Debt Payments
- Student loans, credit cards, or personal loans.
- Prioritize high-interest balances (avg. 20.6% APR on credit cards).
5. Savings & Investments
- Automate at least 20% of income.
- Includes emergency fund, retirement, and joint goals.
6. Health & Insurance
- Medical, dental, and life insurance premiums.
- Shields couples from financial shocks.
7. Fun & Lifestyle
- Entertainment, subscriptions, and hobbies.
- Cap at 5–10% to avoid lifestyle creep.
Final Word
On Wall Street, the firms that thrived had tight budgets and clear priorities. Couples are no different — align on essentials, automate savings, and cap lifestyle spending. The result: less stress today and a stronger financial future together.
