
If our Life Insurance is $400 annually, we add $33.34 into that category every month ($400/12 months per year).Ī couple of things to note: We budget what we made this month, for next month. Our Life insurance is paid annually, which is a set amount, and it’s funded over a year’s time. The electric bill varies month to month based upon our usage we budget for it at the beginning of every budget meeting because it’s a utility that we would like to be paid regardless of how big or small our income is that month. If you find this post to be beneficial and want a master budget category worksheet, sign up for my email list and I will email the budget category worksheet!Īs a result of using the master budget worksheet for many years and expanding the categories, this detailed budget worksheet, has determined our family expenses and at the same time, minimized unexpected financial surprises.Ĭategories that are marked with an asterick: * are categories that we budget for at the beginning of every budget meeting, and most of these categories have a set amount. Clearly, every family is different, however you can easily replace the categories to the needs of your family.

This post is meant to start you on your debt-free journey with a list of budget categories. We love budgeting, and budgeted our way out of $266,000.00 of debt ! I now share the same level of enthusiasm for budgeting as I do for chocolate, running, and dancing, if you know me….that says alot.

My husband and I have been compiling this budget category list for the past eight years. Please read my disclosure for more information. This post may contain affiliate links, which means I will make a commission at no extra cost to you should you click through and make a purchase.
