CFO Corner Week 6: How to Create Budget Categories That Actually Work

Many budgets fail because the categories don't reflect real life. This week on CFO Corner, create 5-8 simple budget categories that match how you actually live - not someone else's template. Your budget should work for your life, not force your life to work for your budget.

In This Episode:

• Why budget categories are decision-making tools (not just buckets)
• The sweet spot: 5-8 core categories
• How to build categories from your real spending
• Category bucket examples: Housing, Food, Transportation, Lifestyle, Savings, Fixed Bills, Flex
• How to customize for your current life season
• 5 common budget category mistakes to avoid

Key Takeaway:

Create categories that reflect how you actually spend, not how you think you should spend. Categories are guides, not rules. Build awareness first, not perfection.

Your Action This Week:

Create 5-8 budget categories. Ask: "Does this reflect my real spending or my aspirational spending?"

Read the full Show Notes Here!

 

Thanks to our sponsor:

 

• Rakuten

 

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