Visa Paid off! Making Rent the number one priority (you know, Maslow's hierarchy of needs)
14. Freedom Fund (i.e., emergency savings, also used for Betterment funding)15. Girls Expenses - school supplies, kids' needs. I'm going to re-evaluate the amount spent in a few months and see if I need to increase or decrease the amount since I'm not really paying for anything extra for Sylvia these days, but right now, it's working out.
17. Car Purchase - one of my priority savings goals right now to build before my lease ends in two years.18. Cell phones (monthly) - another that should be higher probably, but leaving as is.
19. Major Purchases - to fund things like replacing major appliances as needed
20. Student Loan. Because my interest rate is low, I'm basically just making my required payments, but throw a tiny extra in the category to make an additional payment before the year is over.
21. Fiat (lease)22. Gas Co.
23. Charity - moved up, and want to eventually increase. Because I was doing so much volunteer work in years past, I could get away with not making financial donations, but times have changed.
38. Vacation category. Frankly, travel is not that important to me, but sometimes it has to be done. Very minimal funding here, but accruing nonetheless.39. Clothing - I hate shopping, but sometimes, I have to.
40. Costco membership (moved down)
new 41. Seed Money to eventually start non-profit. Right now, not part of the monthly budget, but putting it into Values & budget to keep it on my radar.
It's been suggested that I lump all the annual expenses into one category (Amazon Prime membership, AAA membership, etc.), but I like to keep them separate so that I can continue to evaluate how I feel about putting money towards each. I think overall, the number of line items is fairly average; some have more, some have less, but this is granular enough for me. It has to work for you.
When we did the Values Summit on the YNAB forum, people used pieces of paper, post-its or index cards to look at each item one by one. I didn't do that this time around. I think that method is a little too overwhelming for me, but visual learners may prefer it - heck, you could even draw pictures to symbolize each line item! I may be obsessed with budgeting, but not so much with the crafts.
Personally, I'm grateful to not have to do this with someone else, but if you are coupled, I strongly encourage you to do this exercise with your partner. Sure, in some cases, you will find differences, but by working together, you can collaborate on a plan that will eventually help you meet all your financial goals. If your finances are separate, then those values where you don't see eye to eye, you can take on individually.
Note that there is a Fun and an April Fun category. Fun is for family fun, and April Fun is for those times when I have lunch with friends or when I want to buy myself a little something.
And of course, I have to close with another plug for my eBook, Balancing the Single Mom Budget. It's less than $5, so you can use your fun money :)