Now that you’ve figured out where you’ve been spending your money the next step is to tell your money where it needs to be spent.  If you’ve never done it before, looking at where you’ve been spending your money can be very eye opening; others of you may be fine with the way you spend your money.

Task #2 Your task for this week is to make budget categories.  Here are the categories that I use in my budget.  You may need to add additional categories depending on your needs.  Make a column for anything that you plan to spend money on.  (When I helped my friend a few weeks ago she added a column for lawn care, babysitter, and the gym.)  Make it specific to fit your family’s needs.

Tithe

House
Mortgage
Electric/Gas
Water
Satellite
Phone/Internet

Auto
Car Fund
Car Tags
Oil Changes
Car Repairs
Gas

Insurance
House Insurance
Car Insurance

Household Expenses
Cell Phone
Doctor Visits/Copay
Grocery
Clothing
Blow/Entertainment Fund

Gifts
Christmas Gifts
Birthday Gifts

Miscellaneous
My Spending
Spouse Spending
Savings
Vacation Fund

Debts
Debt #1
Debt #2
Next week we’ll get down to the nitty gritty and put the pieces together!


Other Posts in this Series

Thrifty T