# Budget item categories

Budget item categories are lookup value sets for project-specific budgets. 

Each category belongs to to one of the following budget types:

- **Expense budget** is for non-time-related, currency-based budgeting ($).
- **Fee budget** is for currency-based budgeting ($).
- **Time budget** is for time-based budgeting (hours).

You can use these categories to classify time entry or expense entry budget line items.