All Families vary in size , needs and income. All families have many things in common as well need for food and a roof over the families head. Many readers write to me and ask about Budgets.
So here are some line items for a budget go over your monthly bills for at least 3 to 6 months and see if I miss anything for your family.
Auto / Gas/Transportation cost / Tolls /Tags etc…
His / Her’s
Business expenses / Job expenses
Cell Phones His/Her’s
Chidren’s Cost (Education , school trips and other travel, childcare (children have numerous hidden expenses look at this line and think long and hard))
Cleaning (Dry Cleaning, Household, Cars)
Clothes (His/ Her’s Children)
Dental (His/Her’s/ Children/ Even if they are small one day this will have a cost )
Entertainment for the entire family
Computer’s and Software (for the entire family)
House payment/ Rent
Taxes (Property, State , Federal)
Medical Not covered Co-pays
Any Storage fees?
Any printing and copying and or legal fees?
Do you have any other extended family costs ? (Taking care of aging parent’s)
Children’s allowance Discretionary Spending (Pocket Money for the Adult’s)
Savings for Retirement? College?