14 Personal Budget Categories You Should Include In Your Budget

Budgeting is a critical component of financial success. A budget allows you to track your income and expenses so that you can make informed decisions about how to best use your money.

There are a number of different personal budget categories that you should include in your budget. These involve the essentials, such as housing, food, utilities, transportation, savings, and insurance.

Once you’ve covered the basics, you can add in other categories, such as debt repayment, entertainment, and personal care. The key is to be mindful of your spending and make sure your budget accurately reflects your priorities.

Here is a closer look at 14 of the key personal budget categories you should include in your budget: