What’s in MY budget? Part 4: Recurring

This is part 4 of my “What’s in MY budget?” series, and today we’re looking at the categories in my Recurring group.

Before we do, my family uses YNAB for our budget. It is, in my opinion, the best budgeting software in the world (otherwise, why would we use it, right?) If you want to try it out, https://www.chriscookley.com/YNAB will give us both one free month. Pretty good, right? Ok, let’s look at my Recurring categories.

What we put in Recurring are the expenses that we pay either once per year, or a couple of times a year, but not every month. They’re regular payments, just, not payments we make all the time. As you can see, it’s not a very large part of our budget. Recurring expenses are actually only 2.48% of our monthly budget.

These are the categories we use in Recurring:

  • Haircuts
  • Pest Control
  • Recycling
  • Mint Mobile
  • Amazon Prime
  • Car Registration
  • Venture Card Fee
  • Nursing License
  • YNAB

Most of these should be pretty self explanatory, but I’ll call out one. Mint Mobile is our cell phone service, and it’s a recurring charge because we pay for it once per year. It’s just under $400 for the entire year for two phones, and it’s one of the biggest money savings moves we made in 2020.

This is what percentage of our income gets allocated to each of these categories within the Recurring group, and then how they fit within our overall budget.

Category% of Recurring% of Overall
Haircuts32.28%0.95%
Pest Control17.70%0.44%
Recycling8.61%0.21%
Mint Mobile16.27%0.40%
Amazon Prime5.26%0.13%
Car Registration7.66%0.19%
Venture Card Fee2.39%0.06%
Nursing License1.91%0.05%
YNAB1.91%0.05%

In Wednesday’s post we’ll be looking at my debt category. Spoiler alert, it’s just the mortgage now!

Can I give you something?

If your budget needs work, I have something for you. It’s my completely free Master Your Budget Categories guide, with over 270+ categories laid out and organized specifically to help you budget better. I’ll even show you exactly what goes on my budget.

Think of it as the foundation to your perfect budget. Can I send you my categories?

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