![]() Put away $37.50 a month so you’ve got the cash to cover your pup’s bill.Īlso, you can do a mix of both of these methods if you like. Starting in January, you have four months to save up for the expense. A sinking fund is an easy way to break down the cost of big expenses into smaller month-sized bites.įor example, let’s say you know Scruffy needs to see the vet every April, and that visit costs $150. The next month, you keep the month-specific budget category, but change out the amount so it matches what’s coming that month.Īnother option is to create a sinking fund for each irregular expense. You can copy the previous month over, then make the tweaks you need.) Give a line to birthdays, insurance, dues, quarterly home expenses and other bills-whatever you need to cover that month. That way they don’t show up uninvited down the road.Įvery month, put all your special expenses in a month-specific budget category. Now that you’ve made a list of all your irregular expenses, it’s time to get them into your budget. January 15, April 15, July 15, October 15 Your list might look something like this: Look for any expenses that fall outside of your monthly routine, then write down the amount and date due. Checking out your bank statements (or clicking back to previous months in your free EveryDollar budgeting app) will do just fine. Don’t worry! You won’t need a time machine to tackle this job. Just use these five tips and you’ll be ready when they happen.īefore you make a budget, it’s a good idea to see what you spent money on last year. But the good news is that budgeting for those month-specific or irregular big expenses isn’t hard. Here’s the deal: If you aren’t looking ahead, it’s easy to forget what’s coming. (Okay, there are worse things, but you know what we mean.) There’s nothing worse than an unplanned expense putting a dent in your perfectly prepped budget. Big expenses that come around just a few times a year have a funny way of slipping under the radar and becoming a big money problem. ![]()
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