![]() ![]() In your entertainment category you might include: EntertainmentĮntertainment expenses include any type of money spent on having fun. Pets can be expensive and it’s a smart idea to consider monitoring what you spend on them to help ensure you can afford their care and upkeep. Care for pets if you are away and they need to be cared for by someone else.Purchase of a pet and any coordinating care items.Pet care expenses are any costs associate with having pets. Salon expenses for haircuts, manicures, etc.Īnd any other costs associated with care and maintenance of the people in your family.Toiletries such as soaps, shampoos, toothpaste, shaving cream, razors, etc.Personal care expenses include anything needed (or wanted) to take care of yourself, such as: Trust me: you’ll LOVE the feeling of paying cash for your next car. Saving toward the future need for a replacement vehicle is important in order to avoid having to take out a loan when the need for a new vehicle arises. Monthly savings designated toward the future purchase of a new vehicle.Public transportation costs or ridesharing costs.Car payments (unless you’re putting them in the “debt obligations” category).Transportation expenses can include any money you spend to get where you need to go, such as: Tip: Want an easy way to budget? Check out Tiller which uses spreadsheets but pulls in all of your bank account info automatically. Deductions for monthly savings going into an HSA (Health Savings Account)Īgain, with healthcare expenses it can be helpful to save in advance if you’re expecting a big medical expense down the road such as a surgery, the birth of a child or braces for one of the kids.Ī health savings account is a great way to do that with extra tax advantages if you qualify for one.Costs for monthly or occasional prescription and over-the-counter meds.Payroll deductions for health care, dental and vision coverage. ![]() In the case of health care, waste it can be as simple as choosing a name brand drug over a generic drug. One benefit of having a budget and tracking your expenditures each month is that you will more easily be able to recognize where you’re wasting money. Health care expenses are important to track because believe it or not, it’s possible to waste money in the area of health care just as it is with any other category. However you choose to categorize them is up to you, of course just be sure you’re including them in your monthly expenses when working with a budget.
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