So what exactly is an expense?
It seems fairly obvious but lets just make sure we’re all talking about the same thing.
Here are some examples of expenses.
Checks written for payment of bills
On-line Banking Payments of bills
Cash payment of bills
Cash withdrawals including ATM withdrawals
Children’s Allowance
Daily cash spent on coffee, newspapers, etc
Any other charges to checking account such as;
Insurance payments
Child support payments
Alimony payments
Credit Card Payments
Mortgage Payments
Other Loans Payments:
Home Improvement Loans
Car Loans
Furniture Loans
Payday Loans
Again, your expense may not be on this list but that does not mean it is not an expense that should be considered in your monthly budget. There are NO Exceptions to the money you spend each month. If you spent it or intend to spend it, then it should be part of your monthly budget.