Holiday Extrasīesides the presents that you normally buy at Christmas, holidays can include extra costs that you forget about:įood: We like to buy fancy foods for special meals at the holidays. Make sure you know your co-pays and deductibles and have some money set aside to pay for whatever medical costs come up. Our insurance has a super high deductible so we have to be ready to pay for almost everything. Insurance doesn’t cover everything y’all! Why do drivers license photos always turn out so bad? Medical Costs This year I get the special birthday present of also needing to renew my drivers license. We have to renew the registration on our car every year, which is always around $100. You could break up the cost and save all year round or just make sure you have enough room in your budget to pay for these things as they come. Plus, a lot of people go on some kind of vacation over the summer.ĭon’t forget to budget for fun summer activities. When I was growing up we went to all kinds of camps and activities which I’m sure weren’t cheap. There are so many things to do, like go to the beach, see the big new movies coming out, or enjoy a day at the water park.Īnd we don’t even have kids. Summer always ends up being more expensive than the rest of year. I like to round everything up so that I know we have enough. Divide that into a monthly amount to save so you have the money when you need it. Estimate how much you spent on grooming, vet visits, and food. To add pet costs to your budget, look back at the past six month or year. We were worried he was going to need surgery which would have cost a huge chunk of money. We dip into that money to pay for grooming (every other month), kibbles, treats, vet visits, heart-worm and flea meds (man, that stuff is pricey), and anything else he needs.Įven with all the money we save for him each month, we still needed extra earlier this year when he had to have X-rays on his knee. We actually have a mini savings account for Mozzie that we put money into each month ($30-40/month!). I’ve been cutting Austin’s hair since we got married with a set of clippers. Luckily, we just have to deal with the cost of my hair appointments. It’s not that we can’t afford it, it’s just that I have all of our money allocated to other places. I don’t get my haircut regularly, and it almost always throws of my budget for the month. The Huge Financial Benefit of Staying Home Haircuts Our Emergency Fund: Why You Need One & How To Get One If you’re just started out, aim for three month’s worth of expenses and go from there. I prefer to have a minimum of six month’s worth of expenses saved in our emergency fund. You need to plan for them instead of be surprised by them. When you have money saved for emergencies, unexpected events like a job loss or illness are so much less stressful. You know I can’t start without mentioning that you need to have an emergency fund. 17 Expenses You’re Forgetting to Budget For Emergencies Sidenote: One of the very best things you can do to start getting a handle on your finances is track your spending! You can download and print my free spending tracker printable and take action today! I made up a list of items that could be missing from your budget and shouldn’t be. If you keep overspending each month, it might be because you’re forgetting to budget for some important expenses. It might not even be that we can’t afford it, it’s just that we were planning for our money to be used somewhere else. We stick to a tight budget, so it really throws off the system if we forget to plan for an expense. There are some things that don’t happen very often, and it’s easy to forget them in your budget. The whole point of budgeting is to plan for all of your expenses so that you don’t get caught off guard.
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