Categorize Work Events

Hi,

 

So lately I've been having to contribute to parties at work tied with a holiday. I have a Christmas category and a Teacher Expenses category.

I don't really know where to place the expenses having to do with work events. I'm leaning more towards the Teacher Expenses since that is where I place most things related to school, however, since it is an event having to do with Christmas I also feel inclined to place the expense under the Christmas category. I am trying to better prepare for next year and be able to have a healthy budget allocation.

any thoughts?

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  • I would consider this a work (teacher) expense, but it's really personal preference. Just pick one and memo it accordingly. 

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  • I have a work celebrations category in the relationships group. Anytime we have to contribute to baby shower, wedding shower, birthday lunches, funeral flowers, our committee that's in charge of planning fun events (there's yearly dues). It adds up (one year was multiple hundreds of dollars), and it's not like things can be avoided. 

    The one I disliked was when we put together gifts for principal's day. Hardly anyone liked her, and she got paid so much more than us, and we couldn't avoid it. 

    For the rest, it's important to celebrate people, but sometimes I spent more on work celebrations than on my own family.

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  • The tried and true - it is up to you as that is the personal part of personal finance. When you think about the expense, do you think of it more as a teacher expense or a Christmas expense? We have one Christmas category in YNAB but when we were doing the breakdown of what makes up the total number in Excel, I had one category/line called "Colleagues". It was to account for the small gifts and exchanges at work. I don't have a work category overall so it fit better for me there. 

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