household budgeting
Managing home expenses
Household budgeting is the practice of tracking and planning a family's or individual's income and expenses.
It typically involves categorizing spending, setting limits, and allocating money toward bills, savings, and discretionary purchases: We started household budgeting after realizing we had no idea where our money went each month.
- emergency fundReserve for unexpected expenses
- rainy day fundMoney saved for emergencies
- sinking fundAccumulated debt repayment savings
- credit card debtMoney owed on plastic
- groceriesFood bought at stores
salary · subscriptions · utilities · retirement planning · retirement account · spreadsheets · transportation costs · variable expenses · thrifty · frugal · meal planning · cash flow management · envelope · debt consolidation · debt snowball · wages · student loans · expense tracking
household budgetingreckless spending
Careless use of funds
living beyond one's means · overspending · profligacy · extravagance · living paycheck to paycheck
household budgetinggovernment budgeting
Planning state expenditures
corporate finance · national budget · federal budget · fiscal policy