What are some common expense categories I should track?
An example of an AI chatbot conversation about expense categories for budgeting.
What are some common expense categories I should track?
Common expense categories include housing, utilities, groceries, transportation, entertainment, and savings.
Can you give me examples of expenses in each category?
Sure! For housing, it could be rent or mortgage. Utilities include electricity and water. Groceries are food purchases.
What about entertainment and savings?
Entertainment can include dining out, movies, or subscriptions. Savings might be contributions to a savings account or retirement fund.
How can I effectively track these expenses?
You can use budgeting apps, spreadsheets, or even pen and paper to track your expenses regularly.
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