Monthly expenses list 2025

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20 common monthly expenses to include in your budget Housing or rent. Housing and rental costs will vary significantly depending on where you live. Transportation and car insurance. Travel expenses. Food and groceries. Utility bills. Cell phone. Childcare and school costs. Pet food and care.
50% of your net income should go towards living expenses and essentials (Needs), 20% of your net income should go towards debt reduction and savings (Debt Reduction and Savings), and 30% of your net income should go towards discretionary spending (Wants).
20 Commonly Forgotten Budget Items Home Maintenance. Vehicle Maintenance. Taxes. Medical Expenses. Donations/Giving. Office/School Supplies. Renewals for Licenses (Insurance, Drivers, Etc.) Seasonal Maintenance.
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