I believe that personal finance should be a required course in high school and college. I didn’t learn how to properly budget until I was out of college with my first post-undergrad job. Even now I’m still learning and it would have been great to get a better head start on this topic that everyone will use in their lives. Hopefully, it can enable them to have a close eye into their spending and not feel like they have no idea where it went when looking back.

It is important to have general categories to keep track of where your money is going, but don’t have too many or it can lose it’s value. I use the following: