COMPREHENSIVE LIST  OF BUDGET CATEGORIES: YOUR MASTER LIST

Having a comprehensive list of budget categories is one of your first steps to successfully creating a budget. Let’s take a look at a list of budget categories to see what we might be missing.

With longer lists, you’ll be able to allocate your funds to a significant number of items.

LONG LIST BUDGETING CATEGORIES

SHORT LIST HOME BUDGET CATEGORIES

Short list home budgets are much simpler to maintain, as you allocate larger chunks of money to essential categories.

WHAT CATEGORIES SHOULD I INCLUDE IN A BUDGET?

1. Income 2. Housing 3. Utilities 4. Transportation 5. Kids 6. Food

HOW MUCH DO YOU ALLOT FOR EACH BUDGET CATEGORY?

PREVIOUS SPENDING HISTORY

When you are going through your past spending you are looking to see where your money is going.

FUTURE GOALS

Future financial goals plays a key role in putting your budget together as you need to know what you are working towards.

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