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It’s easy to leave something out when creating a budget. To make sure that doesn’t happen, I’ve listed out 69 common budget categories (heavily focused on the budgeted expense categories) to make sure you’re accounting for everything.
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Table of Contents
Why Budget Categories are Important
When creating your budget, you want to make sure you are accounting for every single dollar. Categories are the folders keeping everything nice and organized within your budget.
Categories will not only ensure every dollar is taken into account; they will help you recognize where you are overspending or under saving and give you a good look into your money spending habits.
Having good categories that apply to you help individualize your budget and keep you on track. Make a budget you can stick to by choosing budget categories that apply to your life!
Most Common Budget Categories
Income Category Examples:
- 9 to 5 Paycheck
- Bonuses
- Tax Refund
- Side Hustle
- Baby Sitting
- Gifts
- Dividends
Savings Category Examples:
- Emergency Fund
- Roth IRA
- Retirement Account
- Trading Account
- Down Payment
- School Supplies
- Childrens Tuition
Expenses
Necessity Expense Category Examples:
- Rent
- Mortgage
- Property Taxes
- HOA Fees
- Household Repairs
- Utilities
- Electricity
- Water
- Garbage
- Cable
- Internet
- Gas/Heat
- Health Insurance
- Vision
- Dental
- Cell Phone Bill
- Groceries
- Hygiene (toilet paper, tissues, toothpaste)
- Beauty (shampoo, conditioner, soap, face wash)
- Gas
- Car Insurance
- Car Maintenance
- Car Registration / DMV
- Car Loan
- Child Care
- Vet
- Pet Food
Luxury Expense Category Examples:
- Travel Fund
- Eating Out
- Entertainment
- Clothing
- Transportation
- Gifts
- Things for the apartment (decor/furniture)
- Makeup
- Pet Food
- Hygiene (haircuts, wax, nail salon, eyebrows, eyelashes)
- Charity
- Christmas
- Babysitter
- Pet Toys
- Concerts
Subscriptions
- Costco
- Instacart
- Amazon
- Spotify
- Gym
- Credit Card Annual Fees
- Netflix
- Hulu
- HBO
- Icloud Storage
- Google Storage
- Apps
- Wine
Final Thoughts
There you go! 69 of the most common budget categories you might have forgotten in your budget!
Don’t forget to snag my free budget templates for google sheets from the resource library!
What did I miss? Let me know in the comments!
What categories do you use?
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