Money Management: Useful Categories

Here are some categories for managing personal finances (I like putting things into categories) . I find them a useful basis for my financial planning and filing.

Planning and Budgeting

Overall resource planning. Managing the relationship between time and resource.


Money that comes in.

  • Wages
  • Income from investments


Money that goes out. Paying for stuff.

  • Goods
  • Services

Saving and Investing

Paying today, benefiting tomorrow. All investment involves a degree of risk.

  • Savings plans
  • Shares

Borrowing and Debt

Benefiting today, paying tomorrow. Also involves uncertainty.

  • Mortgage
  • Loans


Paying to reduce uncertainty.

  • Insurance


Resource that goes out, but for which I receive no (material) benefit.


Original image courtesy Wikipedia.