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The Three Bucket Approach to Budgeting

Our budgeting model is built around three simple buckets that help you understand where your money is going and what’s safe to spend. Instead of tracking everything the same way, we separate money by how it behaves.

Written by Tom Richardson
Updated today

1. Committed Costs

These are your regular, expected outgoings that you plan for first.

Examples:

  • Rent or mortgage

  • Bills

  • Subscriptions

  • Childcare

These costs usually happen every month and don’t change often.


2. Non-Monthly

These are ad hoc or occasional costs that pop up throughout the year.

Examples:

  • Holidays

  • Annual insurance

  • Car repairs

  • Gifts

  • One-off family costs

These expenses can catch people out if they’re mixed into everyday spending, so we track them separately.


3. Flexible

This is your day-to-day spending that can change month to month.

Examples:

  • Groceries

  • Eating out

  • Shopping

  • Entertainment

  • Transport

This is the bucket you’re most likely to adjust during the month.


Why this works

Most budgets fail because everything gets lumped together.

By separating regular costs, ad hoc costs, and everyday spending, it becomes easier to:

  • See where you stand together

  • Spot problems earlier

  • Avoid surprises

  • Make better decisions as a couple

  • Stay on track without overcomplicating things


A simple example

If you book a holiday and pay annual insurance in the same month, that shouldn’t make it look like you’ve failed your normal monthly budget.

That’s why those costs sit in Non-Monthly, not Flexible.


Tip

Start simple. You can always refine your budget over time. The goal isn’t perfection — it’s clarity and control.

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