If you have been looking at any of my other posts on budgeting, you know that some other budgeting methods (like the 50/30/20 method for example) have savings and debt together as two sides of the same coin. Personal Care (haircuts, manicures, pedicures, etc.).My daughter only goes part-time two days a week, so this isn’t a huge expense for us, but if your child(ren) are going full-time, I might consider moving it to its own category if for no other reason than ease of tracking. This category is for everything else you are spending (most of which is discretionary spending)! Household expenses (toilet paper, detergent, paper towels, sponges, etc.).Consumables is the answer to that problem.
One of my biggest struggles, when I was using a traditional line-item budget, was accounting for my one-stop shopping trips. Utilities (Water, Trash, Electricity, Sewer)Īny expense related to getting to and from places would go into this category.Įxpenses that get used up or consumed, go in this category.Any expense related to housing would go into this category.
