![]() ![]() The biggest sum, 50%, goes into your needs, such as housing, utilities, etc. This is a rule where you divide your monthly expenses into 50%, 30%, and 20%. Even something as small as a $20 payment can subtract from your monthly budget. You can also include your pet's food and vet bill, charitable contributions, movie tickets, new make-up, etc.ĭo you have any leftover credit card debt, or maybe personal loans that you haven't paid off? This is the section you fill out with those. But some may include needs too, such as childcare, clothing, a mobile phone bill, etc. Most of your personal expenses will be wants. If you've finished your schooling, you can include any student loan debt you have left. If your education is ongoing, you may want to include any supplies or books you buy. Health and dental insurance are also included in health expenses, along with routine doctor appointments.Įducation expenses look different for everyone. If you have monthly medicine expenses, you can add them here. Depending on how much you commute, at the end of the month, transportation expenses can be huge.ĭon't forget to add parking and tolls fees, and any tickets too. For others, this might be bus fares, metro fares, or even taxis. ![]() There can be more, but these are the most common among American households.įood is your groceries, as well as any take-out or dine-out you have during the month.įor many people, transportation is car expenses, such as insurance, loans, gas, and maintenance. To paint a clearer picture, your rent or mortgage, taxes, HOA fees, utility bills, and insurance. ![]() Housing expenses include monthly payments that keep your house running (and some entertainment). It will show you how much money you have left.
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