˚budgeting series-part 3˚ Make a List

So how did it go? Did you complete the tasks that were listed here in part 2 of our budgeting series? I hope so. If not, it is not too late, but hurry and get on track so you can keep up with the series. 

Click here for the first two parts of the series.

This week's task is pretty easy. (That is a good thing right?) All you have to do is make a list of the categories that you spend money on. Don't fret (I love that word). It is easier than you think, especially with the tools I will give you in this post. All we are looking for is a list. Bullets...numbers...doesn't matter. Just a list.

So, take 5 minutes and write down the categories where you spend your money each month. I will get you started: Rent/Mortgage, food...now keep going. Before you look at my list, try and do it on your own. Then compare the two. 

Here are the categories we use:

Rent

Utilities (including electric, gas, and internet)

Saving/Investing

Phone

Food

Gas/Oil changes

Gifts

Fun

Insurance (including life, rental, auto, health, etc.)

Miscellaneous

Medical

Clothes

Education

Charity 

Other things to think about that I don't have listed: 

Debt payments (credit card, school loans, car payments, etc.)

Tap dancing lessons (or any other activity you/spouse/child might participate in on a monthly basis)

Eating out
TV 

Mortgage

Transportation

Travel

Keep your list handy because next week, we will need it again. And give yourself a pat on the back. You are on your way to "financial freedom" (as Dave Ramsey would say. Can you tell I like that guy?)

*Update: click here to see part 1, part 2, part 4, part 5, part 6, part 7, and part 8.