If your salary is almost gone, then a budget may help.

You can think of your budget as your money plan: It tells you where to put every hard dollar when it comes to bills, savings goals and discretionary spending.

To create a budget that suits you, consider your spending habits, savings goals, and financial obligations. Budget is not all of a certain level, and the line items you include depend heavily on these factors. But you don't need to start from scratch either - consulting a list of common budget categories can provide a useful starting point.

Read on to find out what categories your budget should include, and common subcategories and line items you might want to add.

To make your budget work, you need to make sure to include three main expense categories: demand, demand, and savings. The proportion of budgets specifically for these three areas may vary depending on your situation, but the 50/30/20 rule is a good starting point. The rule states that 50% of your income goes to demand, 30% goes to demand, and 20% goes to savings, investments and additional debt returns.

• need: This includes fixed and variable expenses essential for daily life, such as housing, transportation, groceries, clothing, medications and minimum debt payments.

• want to: These are available for purchases on your own - something you like, but not necessarily paid for in financial emergencies. These may include your gym membership, concert tickets, dining out and subscriptions.

• Savings: Savings include short-term and long-term savings goals, investment and debt payments that exceed your minimum monthly payment.

Although these three categories and the 50/30/20 rule provide a framework for organizational budgets, you may want to get more details through subcategories and specific fees.

Here is a list of common budget categories, subcategories, and line item fees. Although these items may be suitable for most people, they won't work for everyone. Ignore those irrelevant line items or subcategories at any time. For example, if you don’t have children, you don’t need to include child care fees in your budget.

On the other hand, this list may not include everything you spend. When creating a budget, check out your bank and credit card statements to capture any fees that are not included in this list.

Demand should account for 50% of the total budget, although this may vary depending on your situation. For example, if you have young children in daycare, you may need to temporarily spend more than 50% of your income to meet these high costs.

When building the requirements section of your budget, include the following subcategories and line items (applicable to your project):

• internet

• Telephone

• electricity

• gas

• water

• sewer

• Rubbish

• groceries

• Catering Services

• Day care, nanny, nanny, etc.

• Cleaning supplies

• Laundry supplies

• Tools and outdoor/horticulture supplies

• Pet food and supplies

• Know the bill

• Haircut

• cosmetic

• All kinds of

• credit card

• Personal loans

• Automatic loan

• Other loans

With the 50/30/20 rule, one-third of your budget involves demand or disbursement as appropriate. This category may seem easy to see to some, but the built-in "fun" spending helps you stick to your budget in the long term.

Remember that if your basic spending is temporarily high, or you are actively saving towards a big goal, you may need to reduce your discretionary spending.

The desired category has the greatest space for flexibility. Start with the following subcategories and line items, but please add any fees you prefer to spend.

• Have a meal

• Performances and concerts

• Sports Events

• subscription

• Hobby supply

Finally, savings account for the last 20% of the budget. This category includes savings for major purchases, short-term savings goals and long-term goals (such as retirement). It also includes any investments, such as contributions to your 401(k) or IRA, and any additional funds you want to donate (exceeding the minimum payment).

Some of the following fees can be added to your savings category:

• Student Loans

• Personal loans

• Credit card debt

• furniture

• Electronics

• holiday

While this list gives you an idea of ​​how to arrange your budget, in which way you can organize your budget. For example, if you eat out regularly and think it is a necessary convenience, you can transfer the item in that order from demand (entertainment) to demand (food).

Now that you understand the categories of expenses that your budget should include, you can start building your own expenses. While there are countless ways to set up your personal budget, the following steps outline the general process:

1. Track your spending. As mentioned above, you need to know the monthly money to set up your budget. Comb through your monthly expenses and don’t ignore occasional expenses (such as insurance premiums and car repairs) that are not part of your monthly expenses.

2. Use the 50/30/20 rule to classify purchases. Once you have a comprehensive purchase list, you can classify them by demand, demand and savings. This framework will help you ensure that you do not exceed demand when your long-term goals are insufficient.

3. Estimate monthly costs for each category, subcategory, and line items. Figure out what you spend on per order item on average. If you have to guess, high-targeting - overestimating spending is better than underestimating spending.

4. Assign after-tax income for all categories, subcategories and line items. For example, if you make $5,000 after tax, you have about $2,500 of the price spread in your demand category.

5. Adjust as needed. If your spending is higher than your income, you will need to make some adjustments. You can eliminate unwanted or unwanted categories, or you can cut spending where possible. Remember that you can always adjust the 50/30/20 rule to better meet your needs. For example, if your housing costs are particularly high, you can use the 60/20/20 or 60/30/10 model.

6. Track your spending. Budgets are only helpful if you use them. This means tracking your spending and checking it with your budget. This allows you to retain your spending and savings goals and adjust when needed. You can do this manually or using a budget application.

If your initial budget doesn't work, don't be afraid to change things. Some thrived with detailed budgets for specific categories and line items, while others prefer flexibility. There is no right or wrong way to budget, so choose the method and category that suits you.