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40 Family Household Expenses For Your Brand New Budget

 

If you have ever tried setting up a budget and failed before you even started, it may have been because you were so overwhelmed with what exactly to budget for.

This list of over 40 family household expenses will help you set up your brand new budget with expenses that matter most. Just like any budget, this list is not perfect. There may be expenses that don’t pertain to you or there might be others you need to add that aren’t listed. This is simply a guide so feel free to customize it to fit your particular needs.

Emergency Fund

It is important to have 3-6 months of expenses saved up in case of a job loss, medical emergency or some other life changing event. If you have debt start with at least $1,000 in an emergency fund until all debt is paid off.

Related: How To Start An Emergency Fund When You’re Struggling To Get By

 

What Categories Should I Include In A Budget?

 

Home

• Mortgage/Rent
• Property Taxes (If home owner)
• House insurance/renter’s insurance
• Home repair/maintenance
• Cable/Any cable alternatives such as Netflix
• Internet
• Phone

 

Utilities

• Electricity/Gas
• Water/Sewer
• Garbage

 

Transportation

• Gas
• Car maintenance/repair
• Smog
• License/registration
• Car insurance

Medical

• Health insurance
• Medication
• Copays (Doctor and Dental)

 

Food

• Groceries
• Restaurant/take out

Education

• School lunch
• School supplies
• Field Trips
• Classroom donations

 

Lifestyle

• Clothing
• Haircut/Salon
• Personal Spending (fun money/blow money)
• Family Fun/Entertainment
• Subscription services
• Gym
• Daycare/babysitting
• Formula/Diapers

 

Ongoing Personal Savings

• All Holiday (Christmas, Easter, Halloween, Thanksgiving etc.)
• Birthday
• Anniversary
• Father’s Day/Mother’s Day
• Vacation

 

Debt

• Car loan
• Credit card
• Personal loan
• Medical

 

Want to remember this? Post it now to your favorite Pinterest board!

 

 

Related Posts:

• How To Start A Budget When You’re Tired And Overwhelmed

• 10 Things I Quit Buying To Save Money

• 30 Totally Legit Ways To Save Money As A Stay At Home Mom

• How To Stop Spending Money On Things You Don’t Need