Definition

A detailed budget that breaks down every expense category, helping you track spending with precision.

What to consider

  • Create a detailed budget that lists every expense category.
  • Review each line regularly to monitor your spending.
  • Adjust individual items as your financial priorities change.

Real world scenarios

  • During the annual planning meeting, Olivia presented a line-item budget that detailed every expense category, making it easier to track costs.

Related terms

Budgeting & Spending