15 Monthly Expenses to Include in Your Budget

Monthly Expenses List

Creating a monthly budget can be a daunting task, especially when you’re not quite sure where to start. But with the right approach, budgeting can help you save money, keep your finances in check, and make sure you’re prepared for unexpected expenses.

When you’re creating a monthly budget, it’s important to include all of your expenses–both large and small. However, some expenses may be easy to overlook or forget about. To help you create an accurate budget, here are 15 monthly expenses you should include in your list.

1. Rent/mortgage: Your housing expenses are likely to be one of your largest monthly expenses. Make sure to include your rent or mortgage payment, as well as any related expenses, such as utilities, renters or homeowners insurance, and property taxes.

2. Food: Everyone needs to eat, and your grocery bill can add up quickly. Make sure to include all food-related expenses in your budget, including meals out, snacks, and coffee or other drinks.

3. Transportation: Whether you own a car or rely on public transportation, transportation costs can add up quickly. Make sure to include fuel, car insurance, maintenance costs, and public transportation fees if you use them.

4. Health care: Medical costs can be unpredictable, so make sure to include your monthly insurance premiums, as well as any co-pays or other out-of-pocket expenses you expect to incur.

5. Personal care: This category includes expenses like haircuts, salon visits, makeup, and other personal care items.

6. Clothing: Make sure to include any new clothes or shoes you plan to purchase, as well as dry cleaning or laundry expenses.

7. Entertainment: Everyone needs a little fun in their life, so make room in your budget for entertainment expenses like movies, concerts, and hobbies.

8. Pet care: If you have pets, make sure to include expenses like food, grooming, and veterinary care in your budget.

9. Phone and internet: Most of us rely on our phones and the internet for daily communication and work, so make sure to include these expenses in your budget.

10. Child care: If you have children, make sure to include child care expenses like daycare, after-school care, child support payments or babysitters.

11. Debt payment: If you have debt, make sure to include your monthly payments in your budget. This includes credit card debt, student loans, car loans, and any other debt you may have.

12. Savings: Make sure to include savings in your budget, even if it’s just a little bit each month. You never know when you’ll need it. Unexpected expenses can happen to anyone. It’s important to have an emergency fund to help cover these costs.

13. Household expenses: This category includes things like cleaning supplies, home repairs, and other household expenses.

14. Gifts and donations: Make sure to include any gifts or charitable donations you plan to make each month.

15. Insurance: Don’t forget to include any other insurance policies you have, such as life insurance, disability insurance, or umbrella insurance.


Retirement Savings: It’s never too early to start planning for retirement. Make sure to set aside money each month towards your future.


Creating a monthly budget list can be a bit overwhelming, but including all of your expenses can help you stay on track and avoid overspending. By including monthly expenses like rent, transportation, food, healthcare, and personal care, you can create a budget that accurately reflects your spending habits and helps you achieve your financial goals. Remember to review your budget regularly and adjust as necessary to ensure you’re staying on track.

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