Time spent with cats is never wasted. – Sigmund Freud

Except when it is.

How you set up and organize your budget categories is entirely up to you. As with all things in budgeting, only you can decide what’s important to you and what will work for you in the long-term. Our only real rule when it comes to categories, or cats as we like to call them, is that fewer is usually better. And that’s because we don’t want you spending a ton of time wrangling cats for no apparent reason. Your time and energy should be spent prioritizing and making good decisions.

Editor’s Note: No cats were harmed in the filming of this video.

If you can’t wait until next week for more whiteboard wisdom, you can view the entire library here. If you have a question or an idea you’d like us to address in a future Whiteboard Wednesday episode – we’d love to hear from you! Email us at [email protected]

Until next time…