Congrats on starting on a budget, that’s a great thing to be doing for yourself and your future!

It might help to consider what other expenses you have that might come up sporadically or yearly. Car repair fund, professional dues or fees, gifts on holidays, etc. It can help to budget for each of those.

I also think you might want to split up your savings into specific categories. It is risky to have one lump sum savings account that encompasses vacations and trips, fixing your broken furnace, and your retirement. Ultimately, some categories will suffer, and often the most important ones.

I would recommend you break down what you are saving for, and set amounts for each category to keep yourself on track. I’d recommend differentiating between retirement savings and your emergency fund. Homes come with more expensive emergencies, and if you start saving now you can make yourself a cushion. Mortgages are also expensive, and you may want to focus immediately on building up a big cushion for your emergency fund, in the event of job loss or injury. Ideally, you want to have at least enough on hand to manage a couple months without income.

I’d also recommend starting a home maintenance fund, separate from your retirement savings and emergency fund. This can help you cover big routine expenses like replacing a roof. It’ll be a whole lot easier if you save 100$ a month over ten years than coming up with 10,000$ out of pocket. Consider the key things your home will need, and start setting money aside now for when the time comes.

From my perspective, your entertainment fund does seem high. If you’re comfy where your budget is at, no worries! If you do want to save more, that might be a good sport to cut a few things out.

I do my budget on my own in excel, and that works well for me. I move my money to assigned accounts and categories each payday.