11 Budget Categories to Include In Your Financial Plan

Understanding budgeting will help you to begin improving your relationship with money and, in turn, build a better financial situation. You can use a budget to work on debt, stop living paycheck to paycheck; or start building a nest egg for the future. 

Why Do I Need to Budget and Have Categories?

1. Needs

2. Wants

What Are the 3 Main Budget Categories?

3. Savings 

1.Income 

Breaking Down the Budget Categories

Income category examples: - Paycheck - Investments - Side Hustles - Your Own Business

2. Housing 

Housing category examples: - Rent or Mortgage - Property Taxes - HOA Fees

Breaking Down the Budget Categories

3. Transportation

Transportation category examples: - Car payment - Gas - Car Maintenance 

Breaking Down the Budget Categories

4. Food

Breaking Down the Budget Categories

Food category examples: - Groceries - Restaurants

5. Utilities

Utility category examples: - Water - Gas - Electricity

Breaking Down the Budget Categories

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