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What Is a Line Item in a Personal Budget?Ī line item refers to each expense you list in your home budget. Next to each item, enter the amount of money you’ll put towards it from your income. List any items you regularly buy but do not fit under other categories, such as: List your various savings accounts, such as:Ĭonsider all of your financial obligations, including debt and payments such as: Include costs related to pet care, such as: List costs related to raising a child, like: Prescription and over-the-counter medicines.List costs related to transportation, including: Jot down food and beverage expenses, including:Ĭonsider daily living and personal expenses, such as: List household utilities and services, like: Include costs related to owning or renting your home, such as: Your household’s budget items depend on your unique situation and how you live. To help you get started, here’s a checklist of common budget expenses. Feel free to use this checklist to create your own budget worksheet for your monthly bills: Housing Home budget categories typically include monthly income and expenses such as: What Are the Different Household Budget Categories? At David Pope Insurance, we can help you find home, auto and life insurance that fits into your budget. If you discover that you need to cut down on expenses, make sure to consider your insurance and how you may be overpaying. This chapter shares a thorough list of personal budget items to help you create a worksheet and keep track of your spending. As discussed in Chapter 1, listing your monthly household expenses and comparing these costs to your income allows you to see where your money is going and how much you have left to save. In general, your home or personal budget is a list of your monthly expenses.