Community template
Broad Spending: discretionary spending categories
Kevin from Seattle categorizes every expense carefully, but puts all purchased goods that are not strictly needed under one Shopping group. That gives a single number for spending that could be cut if saving more became a priority.
- 11 groups
- 6 categories
- 46 subcategories
- Detailed (40โ79)
- Couple / household
- Salaried employee
- Frequent traveler
In their words
We're fortunate enough to not have to budget strictly, but I am VERY particular about correctly categorizing each expense so we can easily track our spending to ensure it doesn't get out of control, and to prevent discretionary spending from ballooning. I tend to use the Shopping high-level category to include all purchased goods that we don't strictly need to survive, so if offers a very clear number at a glance of expenses that we can eliminate as a group if we need to save more.
All 63 categories in Broad Spending
Food & Drink
- Groceries
- Restaurants
- Coffee/Tea
- Alcohol
Shopping
- Beauty
- Clothing
- Electronics/Software
- Entertainment
- Hobbies/Sports
- Other Shopping
Home
- HOA
- Home Insurance
- Mortgage
- Property Tax
- Services/Maintenance
Transportation
- Auto Insurance
- Auto Payment
- Auto Parts/Service
- Auto Fees/Tax
- Gas/Tolls
- Parking
- Public Transit
- Taxi/Ride Share
Travel
- Air Travel
- Land Travel
- Lodging/Hotel
Utilities
- Electric/Gas
- Internet
- Phone
- Water
Health
- Life Insurance
- Eye Care
- Gym
- Pharmacy
- Doctor
Pets
- Pet Supplies
- Veterinarian
Service Fees
- ATM Fees
- Bank Fees
Transfer Excluded from budget Excluded from totals
- Credit Card Payment Excluded from budget Excluded from totals
- Other Transfer Excluded from budget Excluded from totals
Income Income
- Dividends Income
- Earned Interest Income
- Paycheck/Salary Income
- Rewards Income
- Sold Investments Income
Other spending categories
- Federal Tax
- Gifts
- Charity
- Business Services
- Misc/Cash
Transfers and excluded categories
- Reimbursable Excluded from budget Excluded from totals
How to use this template in Lunch Money
Click Copy entire setup at the top of this page, then paste it into Lunch Money as a preset. See the import steps.
Want only part of it? Mix and match categories in the library to build your own template.
๐ Price locked for life ยท Free for
30 days