December 13, 2020

7 Budget Categories When Planning For Retirement

Having a good budget will help you have more confidence as you prepare for retirement. Here is a list of the 7 primary categories when planning for retirement.

The 7 primary budget categories are:

Housing
Loans & Liabilities
Food & Personal Care
Insurance & Medical
Vehicles and Transportation
Travel & Entertainment
Giving & Misc

Below are a few examples of expenses that would be included in the Housing category:

Real Estate
HOA Dues
Electric
Garbage
Water
Sewer
Natural Gas
Cable
Internet
Cell Phone
Home Phone
Security System
Home Improvements
Furniture
Yard Maintenance

Create a retirement budget that is unique to you. Try it for free. Click Here.

Below is a video with all of the expenses in each category:

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Free Retirement Budget Calculator

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See how a new car’s down payment and monthly payments could grow if invested instead. Use this calculator to explore depreciation, compound growth, and the long-term opportunity cost of buying a vehicle.

7 Budget Categories When Planning For Retirement

Below is a video with all of the expenses in each category:

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