![]() If you find this to be an expensive category, reach out to your insurance company to see if you can re-negotiate your rates.Īnything you do for fun can be included in this category. ![]() Emergency Kits/Hurricane Preparedness etc.Small appliances (toaster, microwave etc).This category includes both personal care necessities as well as the extras.Īny regularly used household item goes into this category. From birthday presents to end of the year gifts for teachers, you won’t have to stress about the costs if you plan ahead and include it in your budget. This is the time to look at your calendar and see what, if any, gifts you’ll need to purchase this month. Miscellaneous Debt (furniture, electronics etc).Include the monthly minimum payment for all debts, unless you are able to pay more than the minimum. To make sure you properly allocate enough funds in this category break out what food you realistically will need to purchase. ![]() We all need food and this tends to be a budget category that many people struggle with. But there are unique costs our pets incur that you will need to include in your budget. We love them and treat them as another member of our families. Car maintenance- oil changes, tires etc/.Public transportation fare (subway, bus or train).If you are behind on utility payments, this should be one of the first late bills (after housing) you should work towards getting current on.īeyond just paying for gas for your car, there are additional transportation costs you may need to consider. These are typically what we consider essential budget items, so don’t leave them off your list. Beyond any tuition or daycare costs, don’t forget to include any required registration fees for the upcoming school year. This can also be another big category for many families. Large Appliances (washer, refrigerator etc).Housing is typically the largest budget item in most budgets.This category includes everything related to owning or renting your home, not just your rent or your mortgage. Anything extra can be used for savings or to pay off debt. If you have an irregular income, list the least amount you expect to earn. Include your take home income after taxes, health insurance, etc. It is important to break out all of your income individually rather than just including a lump sum. Use this Budget Printable to easily keep track of all your expenses.You may also consider saving a little each month for some of these budget categories, so when the payment is due you aren’t scrambling to find the money.Don’t forget to keep your calendar handy too, so you’re reminded of the birthday parties or other events that will require a budget category.It’s helpful to write out your expenses from the previous month to see how much money goes into each budget category.I recommend keeping this list handy as you sit down to work on your budget for the month. You won’t use all of these categories all the time. I’ve created some main categories and then listed individual budget items within each category. I have put together the ultimate list of budget categories so you can avoid this common mistake. Not only did this mess up our allocations, it was also incredibly discouraging.ĭoes this sound familiar? Well, then you have come to the right place friend. The main reason? We were missing important budget categories, and we often had additional expenses we hadn’t planned for. When we first started using budgets we failed.
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