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    Budgeting 101: Personal Budget Categories

    Uploaded by

    Kyle Lu
    The document discusses recommended personal budget categories to consider when creating a budget. It provides a comprehensive list of over 50 common budget categories including housing, transportation, food, utilities, clothing, medical, insurance, household items, personal expenses, subscriptions, debt, retirement, education, savings, gifts and donations, and entertainment. It advises users to go through the list and check off applicable categories to include in their personal budget spreadsheet.

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    Budgeting 101: Personal Budget Categories

    Uploaded by

    Kyle Lu
    68 views7 pages
    The document discusses recommended personal budget categories to consider when creating a budget. It provides a comprehensive list of over 50 common budget categories including housing, transportation, food, utilities, clothing, medical, insurance, household items, personal expenses, subscriptions, debt, retirement, education, savings, gifts and donations, and entertainment. It advises users to go through the list and check off applicable categories to include in their personal budget spreadsheet.

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    The document discusses recommended personal budget categories to consider when creating a budget. It provides a comprehensive list of over 50 common budget categories including housing, transportation, food, utilities, clothing, medical, insurance, household items, personal expenses, subscriptions, debt, retirement, education, savings, gifts and donations, and entertainment. It advises users to go through the list and check off applicable categories to include in their personal budget spreadsheet.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    68 views7 pages

    Budgeting 101: Personal Budget Categories

    Uploaded by

    Kyle Lu
    The document discusses recommended personal budget categories to consider when creating a budget. It provides a comprehensive list of over 50 common budget categories including housing, transportation, food, utilities, clothing, medical, insurance, household items, personal expenses, subscriptions, debt, retirement, education, savings, gifts and donations, and entertainment. It advises users to go through the list and check off applicable categories to include in their personal budget spreadsheet.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 7

    10/8/2020 Budgeting 101: Personal Budget Categories | First Bank

    Budgeting 101:
    Personal Budget
    Categories
     Explore All Share     

    When it comes to creating a personal budget, it can feel like there are a


    million nancial categories to consider. In order to create a successful
    budget, everything should be accounted for, from large expenses like
    your mortgage and car payment to smaller expenses like your gym
    membership and Net ix subscription.

    A list of recommended personal budget categories is a great place


    to start when creating a budget. Here are two ways you can get
    the most out of the list:

    1. Go through the list and check off each category that applies to you,
    then add those categories/items to your personal budget
    spreadsheet.

    2. Create a comprehensive list of everything you spend each month,


    then go through the categories list to see if there is anything you
    might have forgotten and need to add to you personal budget
    spreadsheet.

    Recommended Budgeting
    Categories
    Consider including these categories when you create your own budget:

    https://localfirstbank.com/article/budgeting-101-personal-budget-categories/ 1/7
    10/8/2020 Budgeting 101: Personal Budget Categories | First Bank

    Housing

    Mortgage or rent

    Property taxes

    Household repairs

    HOA fees

    Transportation

    Car payment

    Car warranty

    Gas

    Tires

    Maintenance and oil changes

    Parking fees

    Repairs

    Registration and DMV Fees

    Food

    Groceries

    Restaurants

    Pet food

    Utilities

    Electricity

    Water

    Garbage

    Phones

    https://localfirstbank.com/article/budgeting-101-personal-budget-categories/ 2/7
    10/8/2020 Budgeting 101: Personal Budget Categories | First Bank

    Cable

    Internet

    Clothing

    Adults’ clothing

    Adults’ shoes

    Children’s clothing

    Children’s shoes

    Medical/Healthcare

    Primary care

    Dental care

    Specialty care (dermatologists, orthodontics, optometrists, etc.)

    Urgent care

    Medications

    Medical devices

    Insurance

    Health insurance

    Homeowner’s or renter’s insurance

    Home warranty or protection plan

    Auto insurance

    Life insurance

    Disability insurance

    Household Items/Supplies

    Toiletries

    https://localfirstbank.com/article/budgeting-101-personal-budget-categories/ 3/7
    10/8/2020 Budgeting 101: Personal Budget Categories | First Bank

    Laundry detergent

    Dishwasher detergent

    Cleaning supplies

    Tools

    Personal

    Gym memberships

    Haircuts

    Salon services

    Cosmetics (like makeup or services like laser hair removal)

    Babysitter

    Subscriptions

    Debt

    Personal loans

    Student loans

    Credit cards

    Retirement

    Financial planning

    Investing

    Education

    Children’s college

    Your college

    School supplies

    Books

    https://localfirstbank.com/article/budgeting-101-personal-budget-categories/ 4/7
    10/8/2020 Budgeting 101: Personal Budget Categories | First Bank

    Savings

    Emergency fund

    Big purchases like a new mattress or laptop

    Other savings

    Gifts/Donations

    Birthday

    Anniversary

    Wedding

    Christmas

    Special occasion

    Charities

    Entertainment 

    Alcohol and/or bars

    Games

    Movies

    Concerts

    Vacations

    Subscriptions (Net ix, Amazon, Hulu, etc.)

    Get Professional Personal


    Finance Advice
    Give First Bank’s free MyMoney tool in online and mobile banking a try
    to get started on your budget or to calculate your net worth. If you need
    guidance from a professional when creating your budget, nd a First
    Bank near you. You can also learn more about different types of banking
    https://localfirstbank.com/article/budgeting-101-personal-budget-categories/ 5/7
    10/8/2020 Budgeting 101: Personal Budget Categories | First Bank

    services, personal budgeting, saving money, investing and more using


    First Bank’s online Financial Education Center.

    Ready to get started?

    Get a free business consultation

    Start Now

    Contact us today

    Get in Touch

    https://localfirstbank.com/article/budgeting-101-personal-budget-categories/ 6/7
    10/8/2020 Budgeting 101: Personal Budget Categories | First Bank

    https://localfirstbank.com/article/budgeting-101-personal-budget-categories/ 7/7

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