Share post
Share
Debt Consolidation Forums Budgeting and Personal Finance forums

How to plan a monthly budget with yearly expenses

Date: Wed, 12/06/2017 20:57
member profile picture
Posts: 1
Credits: 23.95
[Donate]

I have a question about budgeting. When I am planning my monthly budget, there are some expenses which doesn't occur monthly. What to do with them.




You can keep a monthly allowance for your yearly expenses.
For example, if one of your insurance premiums is $1200, you can include $100 in your monthly budget.

Sub: #1 posted on Thu, 12/07/2017 - 04:49

Good Nelly Good Nelly
Industry Expert
(Posts: 2670 | Credits: 372)

The simple solution is to create a miscellaneous category in your budget. Set aside a certain amount for your miscellaneous expenses in a month like birthdays, anniversary, etc.

Sub: #2 posted on Thu, 12/07/2017 - 22:17

SC SC
Moderators
(Posts: 3937 | Credits: 397.45)

I agree with SC, creating a miscellaneous segment in your budget plan may do the trick.

Sub: #3 posted on Fri, 12/08/2017 - 03:07

tiarajoseph11 tiarajoseph11

(Posts: 330 | Credits: 45.4)

What GoodNelly has said is also a good point. You can do so.

Sub: #4 posted on Fri, 12/15/2017 - 06:22

Mabelle Page Mabelle Page

(Posts: 163 | Credits: 16.04)

Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.


DebtConsolidationCare (IAPDA member)
Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV
Connect With Us
About Us | Contact Us | Privacy Policy
Copyright © 2018 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
* Disclosures:
  1. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  2. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
  3. Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  4. Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  5. The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 0.791 seconds.