LPT: Budgeting this new year? Don't forget "Sinking categories"

For instance, car maintenance; Your car will probably need at least two new tires and 2 oil changes in 2018, divide the cost by 12 and set that money aside each month. Also holidays/birthdays, make a quick spreadsheet of the major gift holidays:

February 14 Valentine's Day

May 13 Mother's Day

June 17 Father's Day

December 25 Christmas Day

plus any birthdays, weddings, anniversaries, and baby/bridal showers you need to buy a gift for, estimate an amount for each event and divide by 12. set that money aside.

I also plan ahead for holidays that are less gift-y but still end up needing purchases like costumes, or pot-luck food, or just going out with friends.

March 17 St. Patrick's Day

May 5 Cinco de Mayo

May 28 Memorial Day

July 4 Independence Day

September 3 Labor Day

October 31 Halloween

November 22 Thanksgiving

I've been successfully budgeting for a few years now and I find that planning ahead for these categories helps a lot! good luck! :)

LPT: Budgeting this new year? Don't forget "Sinking categories" LPT: Budgeting this new year? Don't forget "Sinking categories" Reviewed by Unknown on 20:18 Rating: 5
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