Happy with your budget categories? Please share!
I'm curious to know how people organize their budget categories. Thinking of making some changes for 2018 and would love to see what people use (and don't use).
What are your budget categories?
I do two things differently than most posters here:
1. I do have a reimbursement category for work and friends. As these (should) zero out I don't want them to meddle with my reporting or income. That way they stay separate and I always know who owns me. ;-)
2. Under True Expenses I list all yearly recurring expenses by month (Like Amazon prime, YNAB, car registration, car insurance, house insurance, property taxes, birthdays, thanksgiving, christmas). I have like 26 of them. That way I always have the money when it's due and it doesn't bloat the other categories with money which I can't spend.
3. I do have a category for next month budget. I found it very important to have as this is the category which gets funded first with the first paychecks which come in. This money goes into TBB on the first on every month and gets spread over the budget (one click budgeting!) When there is left overs they will go to savings. When I run out of budgeted money and can't move money between the categories I will tap into the savings. That hurts mentally every time as I see my savings amount getting reduced with every overdraft!