Calculating a budget and respecting it might be the difference between living good and living not so good, as it allows you to be organized about your expenses and plan what you are going to spend very carefully.
After some time you will even be able to save money by cutting unneeded costs off the list.
You should always split up your budget into the main categories that make up your life.
Those include: Health is the most important category.
In should include stuff like medical insurance, prescription drugs, dental care, eye care and so on.
Keep in mind, always have a little extra for unexpected medical problems, because your health is not something to play with.
Living expenses mostly refer to house costs.
Stuff like mortgage or rent is vital, as not paying it might risk getting you evicted.
Also, don 't forget the utilities.
Put money aside for the monthly bills.
Have a little extra for eventual repairs, cleaning products and, if you can afford it, some visual improvements for your place.
Food can also be listed under living expenses.
Add groceries, meals out and various deliveries to your budget.
Transportation includes everything car-related.
Fuel, insurance, maintenance even car payments if you are not done with them, everything should be on the list.
Also, if you don 't own a car, have a small budget for public transportation.
Personal stuff should also get some attention.
New clothing, dry cleaning, cosmetics and haircuts, they all should be on the budget.
Still, keep in mind, you would not want to spend too much on useless stuff.
Season expenses are also important.
You should have some money put aside when the holidays come.
Money for gifts on birthdays or weddings will always come in handy.
All in all, calculating a budget in not such a hard task.
Just make sure to cover all the bases and try to spend as smart as possible.