Specialty Care – Think orthodontics, optometrists, etc.Vehicle Replacement – This should be for reasonable vehicle replacements fancy add-ons should come from your Fun Money category.Įven if you are healthy and don’t have many medical expenditures, make sure you consider these categories.But you’re going to need more than gasoline and oil changes. But don’t go overboard here with all the latest trends – that’s for your Fun Money category to manage.Ĭommute to work? Transportation is important. For example, you might choose to go without cable! Some of these are more important than others. This one is important too, and make sure that you can afford whatever dwelling you choose!ĭon’t forget the importance of utilities. Food needs to be very high on your prioritized budget list. Specific Needs – Consider creating a Giving Fund.It should be the top priority on your budget. Giving puts money in perspective – and it also helps the community at large. Remember, these are just to get you started, nothing more. I’ve added subcategories to each major category so you can further define your budgeting categories as needed. Some are essential, some are recommended, and some are discretionary – it’s up to you to figure out which are which beyond what I’ve said below. 70+ Basic Personal Budget Categoriesīelow I’ve listed many basic budgeting categories, but understand that these are not necessarily prioritized. Once you do this the 'Everything Else' pseudo category will show up in your Budget Graph view, and you can then set a Budget number for 'Everything Else'.Īgain, feel like a complete idiot not realizing this.The budgeting categories listed below won’t do you any good unless you have some sound principles behind them.īob has written a great article on how to make a budget that includes how to make the “world’s easiest budget” and other budgeting methods designed to save you the most money possible.Īnd if you prefer, you can download one of these free budgeting spreadsheets or take the Real Money Budgeting online course as well. Is just by assigning other transaction categories to the group. The way you can accomplish influencing a Category Group top level budget $ amount without having an itemized budget for each transaction in the category. HOWEVER, the quicken documentation is not that clear and makes it sound like you can actually adjust the Category Group Budget number in the budget graph view. ![]() I actually feel like a complete idiot LOL. (After frustratingly being on the quicken chat support for over an hour and the support agent not understanding what I was trying to accomplish). Hey guys, I actually just realized how I can accomplish this. I've gone through the advanced budget setup three times & I still do not see any option for either editing category group budget numbers OR setting an everything else budget for a group. It also points to the below link which describes being able to edit Category Group budgets and selecting a everything else else budget, but literally does not tell you where. On Quicken's website they describe this, but give NO direction as to how to actually accomplish this.Īlso, when you try to research 'Advanced Budgeting' at this URL it again, gives no direction on how to actually edit the Category Group budget number. Really maybe what I'm asking is - how can I extend this 'Everything Else' functionality to my other categories? I see that out of the box setting up a budget with the Personal Expenses category includes a 'Everything Else' bucket that you can edit within the Budget window & that you can set a specific budget for it. I do have certain items within each category that I want to itemize such as Groceries, but then I also want a 'Everything Else' budget within that category group. I have created custom Category Groups within Quicken & I am trying to figure out how I can budget for these top level Category Groups without creating a specific budget for each granular thing I want within the bucket.
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