Page 36 - Workbook1E

Expense Category Description
Every main category has subcategories within it. For a good overview of how to record your expenses, please review them all. It may also help you recall some you’ve overlooked and introduce some important new ones. If you have expenses that don’t fit any of these categories, you can use another sheet of paper to add your own. The TYPE of expense: “Fixed, Variable, or Discretionary” is also noted.
Savings, Investments, Retirement Accounts, Education, New Purchases, Furniture, Appliances
Main Category
Husband’s Personal
Subcategories
TYPE of Expense
Pay Yourself
Taxes (All)
Wife’s Personal
Help Fund
Auto
Business Expense
Children/ Child Care
Contributions/ Charity
Dining Out/ Fast Food
Education
Food/ Household
32 Workbook 1: Building a Spending Plan that Works
Groceries, Paper Products, Cleaning, Supplies, Pet Food
Variable
Variable
Property, Federal, State, Social Security, Workers Fixed Compensation, Estimates Variable
Husband’s personal expenses that he doesn’t need to justify or explain.
Discretionary
Wife’s personal expenses that she doesn’t need to Discretionary justify or explain.
Unexpected or unplanned expenses or help with emergencies.
Variable
Payments, Taxes, Oil, Registration, Repairs, Service, Taxi, Car Wash
Fixed Variable Discretionary
Union Dues, Fees, Association Fees, Licensing, Fixed Uniforms Variable
Child Support, School Expenses, Daycare, Babysitters, Variable Activities, Allowance, Lessons, Sports, Miscellaneous Help Discretionary
Religious Contributions, Charities, Miscellaneous Discretionary
Breakfast, Lunch, Dinner, Snack Discretionary
Student Loans, Tuition, Books, Classes, Materials, Fixed Subscriptions Variable