![]() These categories can be their own sinking funds or monthly expenses. Accessories- collars, leashes, beds, crates, clothes, etc.You can even make it a sinking fund and save it up in case of an emergency. Here are some pet expenses to consider in your budget. Pets are now people’s children and it’s a billion dollar industry. Medical expenses including anything paid out of pocket.Sports fees- registration, travel, uniforms, pictures.If you can plan for these categories, it won’t be such an inconvenience when they come up. Kids seem to get us every time! There is always something that you didn’t plan for that just pops up out of nowhere, wrecking the budget in the process. Medical expenses if you don’t have FSA or HSA or costs above those funds.House maintenance- general fund or for something specific.Vehicle maintenance- general fund (tires, minor or major repairs) or replacement fund.Taxes- property taxes or income taxes (house & vehicles).Other holiday expenses- food, travel and parties.It will depend on your personal preference. ![]() ![]() You can either divide your goal amount by 12 and save that amount each month or save it in chunks until the amount is saved. This can be done by saving it in a cash envelope or a separate bank account. So, these will need to be kept in a safe place so that the money is not spent on something it was not meant for. Sinking funds are for categories that you do not pay every month. These categories are for shopping and small amount of savings. The cash envelope categories do not include things like your regular bills. ![]() Cash envelopes are for when you need to cut back spending or stick to the budget easier. The categories that you use for cash envelopes should be ones that you commonly overspend. This will help you keep your spending in these categories in check. If you are already familiar with the cash envelope system, here are some categories that are convenient to use with the cash system. You can find the Ultimate Guide to the Dave Ramsey Cash Envelope System here. The cash envelope system is used in conjunction with the Dave Ramsey program. Paper products- toilet paper, paper towels.Personal budget categories might include: The more you can plan for in your monthly budget, the less likely it will get screwed up by the end of the month. This is a general list of things to consider when you are making your budget. These won’t be the same for everyone and some will not apply to you. Your personal budget categories are going to depend on your needs and expenses. You can get your FREE Monthly Budget Items & worksheet here: Insurance- house, vehicle, life, disability etc.Your household budget expenses will include all the monthly bills that you have to pay. If you need help with starting your zero-based budget, start here, then come back to this post to figure out all your categories.įinal Thoughts Budget Category List: Monthly Budget Categories These will even work with the Dave Ramsey plan. This is a good place to start on figuring out what you need to budget for each month. Keep in mind that you may not need ALL these categories every month. Here is a list of common personal budget categories including things for your household, envelope categories, home, and personal expenses. When you can plan for the unexpected (or really the expected) then all the little things no longer stress you out and you know exactly how to pay for them. It’s a common problem and one that is easily fixed. At the beginning of the month, it seems like you should be good but then at the end, it’s like where did it all go? It’s constantly money going out in a million different directions.Īt the end of the month, you have no clue where the heck all your money went. Then when it’s not the kids screwing it up, it’s your car, house, or pets. It’s a never ending cycle that is constantly screwing up your budget. There always seems to be something for the kids coming up that you didn’t think about like school pictures, donations and fundraisers, new clothes or shoes, dance recital outfits, and sports fees. Are you sick and tired of it always seeming like there is always something coming up that you didn’t plan for in the budget? It is a common problem and one that you and many others face.
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