What should personal budgets include apart from salary?

A comprehensive personal budget should indeed include all sources of income, as this provides a complete financial picture for effective planning and tracking. Including every income stream, such as bonuses, rental income, or side jobs, enables individuals to accurately assess their total financial resources. This understanding is crucial for making informed decisions about spending, saving, and investing.

While entertainment expenses, insurance premiums, and travel expenses are important areas of spending that should be accounted for in a budget, they only represent a portion of the financial landscape. Focusing solely on expense categories without acknowledging all forms of income can lead to an incomplete or misleading budget that may not fully reflect an individual's financial situation. Thus, including all sources of income is foundational for a sound personal budgeting strategy.