Line-Item Budget

Definition: A line-item budget is a detailed budgeting method where each expense is listed as a separate line under its category. This approach allows for precise tracking, making it easier to see where your money is going and identify areas for adjustment.

Example: For a $3,000 monthly income, a line-item budget might include $1,200 for rent, $300 for groceries, $100 for dining out, $150 for utilities, and $200 for transportation, with each expense tracked individually.

Learn More:

• Explore our guide to line-item budgeting to take control of your spending.