The categories you should include in your budget depends on the kind of person you are. If you’re someone who is looking for a method that you can easily maintain, then use a simple budget and keep the budget categories to a minimum. If you’re a detail-oriented person who loves spreadsheets, then get as granular as you’d like. Different systems work for different people. What categories should I include in a budget?Ĭreating a budget is not a one-size-fits-all thing. Budgeting is the #1 skill in personal finance.Step 3: Track your spending in 3 budget categories or less + Track your net income.What comes after fixed, flexible & net worth?.
Step 1: Fixed, Flexible, Net worth – Simple Budget Categories. Family Budget Expert 3 Step Budgeting Process. What categories should I include in a budget?. Which strategy works? Well…both will work. (If you’re just starting or have had trouble budgeting, DEFINITELY start with a short list of budget categories.) Just like my calorie counting, you can get really granular with your budget categories or you can classify them more broadly. The end goal with budgeting is to improve your spending habits and have more money left over at the end of the month.īudget categories are just like logging your meals.īudget categories help you figure out where the areas of overspending are coming from and give you the awareness to make positive changes in your spending. The end goal with calorie counting is to get to your ideal weight. Think about tracking your spending like calorie counting. Just knowing and seeing where my calories were being eaten was so incredibly helpful. Then, the post-dinner eating was where I logged the most excess calories. Most of the extra calories came in the form of 50 extra here and there throughout the day, but it added up. Logging my meals showed me how much I was actually taking in and helped me identify my spots of overeating, The first thing I noticed is that I had wildly underestimated the calories I was taking in everyday. 
I recently started using Noom to log my meals and track my calories. (What does this have to do with family budget categories? I’ll get there.)
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