Reduce monthly expenses
However you choose to categorize them is up to you, of course just be sure you’re including them in your monthly expenses when working with a budget. House payments or home equity loan payments.
Others find it more helpful to keep ongoing, monthly debt obligations in a separate category. Some people like to break debt payment obligations down into the individual categories they relate to, such as putting your car payment into the “transportation” category. I don’t add expenses such as health care expenses in this category we’ll talk about those in another category.
Repair costs such as a need for a new vacuum, furnace, flooring, etc.Maintenance costs such as landscaping, replacement light bulbs, etc.Utility bills such as electric, natural gas and water.Home expenses will include everything related to your home, including items such as: Let’s talk about each category and what types of expenses you might assign to each one. Typical monthly expenses can be broken down into several basic categories. What if I Don’t Have Discretionary Income?.