10 Money Categories

Posted by edieg@att.net on August 7, 2017 in In a Category All Its Own |

Happy Money Magic Monday, fellow learners. The money tip for this Monday is to track your spending by using 10 categories. The list is in alphabetical order except for the #1 category because SAVINGS should always be paid first. Send me an email at tlc@50statesclub.net if you’d like some ideas on how to prioritize your savings or if you’d like help in tracking your expenses. Here are the 10 categories:

  1. Savings
  2. Debt Payments
  3. Education
  4. Food & Dining
  5. Giving
  6. Hobbies and Entertainment
  7. Home
  8. Money Management and Taxes
  9. Personal Care
  10. Travel

For personal books, I prefer to use Quicken. It is the most comprehensive tracking system for your personal books. (I also highly recommend Quickbooks for business books.) Let me know if you need any help in getting started in using either of these tools or in maintaining your personal books. Happy Monday!

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