This free list will make sure you don’t forget to include an expense in your budget, so you can make a budget that works. This list is designed to cover as many personal budget categories as possible but don’t feel overwhelmed by its size, because not all will apply to you. It’s a list of over 80 different budget categories. If you want to get some ideas of what budget categories to include in your budget, you can download my FREE Budget Categories List. That can throw your whole budget off and you feel like a failure. Most people go wrong when making a budget because they accidentally leave out categories that will require money at some point.
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This accounts for your savings account, emergency fund, retirement accounts, investments, etc. This accounts for gifts given, charitable donations, and religious tithing. These are expenses such as health insurance, doctor co-pays, medicine, health club dues, life insurance, and veterinarian/pet care.
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Average annual expenditures decreased 2. These are expenses such as hair cuts, hair styling, nail and skincare, dry cleaning, clothes, student loans, etc. Spending percentage change from 201920 Consumer Expenditure surveys. These are expenses such as going out with friends, bars, concerts, movies, vacations, etc. This accounts for expenses such as dining out and groceries. These are expenses such as cell phone, internet, cable, electricity, gas, and water. These are expenses such as your car note, fuel, car insurance, car maintenance and repairs, parking, taxis, public transportation costs, etc. This accounts for your rent or mortgage, property taxes, home insurance, common charges, maintenance, etc. Budget Categories And Percentages: How Much Should I Allocate To Each Budget Category?īudget Categories You Should Have In Your Budget: Housing:.Some of the big ones are Dave Ramsey’s recommendations (probably one of the more in-depth guides out there), the 50/30/20 rule, and reverse budgeting. Budget Categories You Should Have In Your Budget: There are quite a few templates hanging out on the internet that help guide you on household budget percentages.Table 1.10 Average weekly household expenditure on categories included in the commodity group Miscellaneous goods, services and other expenditure by gross household income deciles 1Ģ Includes television bundle subscriptions.ģ Includes package holidays, money spent abroad on holidays and holiday accommodation (foreign and domestic). Table 1.9 Average weekly household expenditure by gross household income deciles 1ġ Please see Appendix 1 for further information. Table 1.8 Average weekly household expenditure on items included in the commodity group Miscellaneous goods, servicesĪnd other expenditure by household composition Money given to those outside of householdġ Includes television bundle subscriptions.Ģ Includes package holidays, money spent abroad on holidays and holiday accommodation (foreign and domestic). Table 1.5 Average weekly household expenditure on items included in the commodity group Miscellaneous goods,
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Miscellaneous goods, services and other expenditure The proportion of total expenditure on Housing increased from 18.2% to 19.6% over this period. Expenditure on Drink consumed at home has remained relatively consistent since 2009-2010 at €10.56.Īs a proportion of total household expenditure, Alcoholic drink and tobacco fell from 4.9% to 3.3% from 2009-2010 to 2015-2016, while the proportion relating to Food fell from 16.2% to 14.7%. This is due to a drop in expenditure on Tobacco and Drink consumed out, down €5.44 and €5.70 respectively. The highest percentage decrease (-29.1%) was for expenditure on Alcoholic drink and tobacco down from €39.48 in 2009-2010 to €28.00 in 2015-2016. Expenditure on Petrol/ Diesel decreased by 6.3% from €36.91 to €34.59 over this period. Excluding purchase of cars, expenditure on Transport over the five year period actually decreased by 7.1%. This increase is primarily driven by the increase in car purchases, which has risen by €14.18 from €30.25 to €44.43 over the time period. Expenditure on Miscellaneous goods, services and other expenditure increased by 10.8% over this time period, up from €253.81 in 2009-2010 to €281.21 in 2015-2016. The federal deficit in 2022 was 1.4 trillion, equal to 5.5 percent of gross domestic product, almost 2 percentage points greater than the average over the past 50 years. Increases in expenditure on rent, purchases of dwellings and the introduction of Local property tax and Water charges contributed to this increase. The Federal Budget in Fiscal Year 2022: An Infographic.